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product-level tariff pass-through and show that a higher ratio of import demand elasticity over export supply elasticity leads …
Persistent link: https://www.econbiz.de/10014293293
Should the long run income elasticity of aggregate import demand be equal to one, as implied by the neoclassical demand … theory? Why are many empirical estimates of income elasticities not equal to one, and why are some of them very high? The …
Persistent link: https://www.econbiz.de/10014123777
This paper investigates whether the elasticity of demand systematically changes from one importer country to another in … an international trade context. Evidence from U.S. exports supports this view by suggesting that the elasticity of demand … to the U.S. of the importer country. In terms of policy implications, using a common elasticity measure would …
Persistent link: https://www.econbiz.de/10012904910
Persistent link: https://www.econbiz.de/10011450629
bias when estimation does not consider product differentiation. …
Persistent link: https://www.econbiz.de/10012404506
The notion of the determinants of import demand has become a major policy issue in most countries due to the persistent trade deficits being experienced and their effects on the economy. Against this backdrop, this study empirically examined the factors determining import demand in Zimbabwe...
Persistent link: https://www.econbiz.de/10012482941
Correct estimates of import demand elasticities are essential for measuring the gains from trade and predicting the impact of trade policies. We show that estimates of import demand elasticities hinge critically on whether they are derived using trade quantities or trade values, and this...
Persistent link: https://www.econbiz.de/10012865250
This paper investigates the robustness of CGE models with respect to the elasticities of substitution in demand between domestically produced goods and foreign goods – the so-called Armington elasticities. The Armington-type modeling of trade is still one of the most extensively used...
Persistent link: https://www.econbiz.de/10013000560
Real exports are commonly specified as depending on an indicator of price competitiveness and on a measure of foreign activity. This study empirically investigates the suitability of alternative competitiveness indicators in explaining real exports for a broad group of advanced economies. To...
Persistent link: https://www.econbiz.de/10011541055
estimation of trade elasticities. The elasticities we compute depend directly on the specialization of trade across sectors … tariffs on imports. To this end, we were able to obtain theory-implied estimates of import and export income and price …
Persistent link: https://www.econbiz.de/10012266397