Stefanova, Dijana Janevska; Petrovska, Magdalena - 2020
nor exports serve as perfect substitutes for domestic goods. Moreover, our import and export functions along with the … imports. To this end, we were able to obtain theory-implied estimates of import and export income and price elasticities for … elasticity coefficients, both in the import and in the export model, have the expected signs - increases in income positively …