Vetlov, Igor (contributor); Warmedinger, Thomas (contributor) - 2006
deflator (XTD) over a
trade-weighted average of the export prices of foreign trade partners (CXD), such that
1
0
*
η
η … foreign trade, which
has even offset at some times a negative growth contribution from domestic demand. It was
observed that … rate:
r
YeLSR
1
0
*
ϕ
ϕ= ,
[2.7]
where ϕ
0
> 0 and ϕ
1
< 0 are coefficients.
The equilibrium levels of exports (X …