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Using consumer price indexes from cities in the U.S., Canada and Mexico, we estimate the "border effect" on U.S.-Mexican relative prices and find that it is nearly an order of magnitude larger than for U.S.-Canadian prices. However, during a very stable sub-period in Mexico (May 1988 to November...
Persistent link: https://www.econbiz.de/10005368355
reference, we find that the prices charged on exports to the United States are more responsive to the exchange rate than is the …
Persistent link: https://www.econbiz.de/10005368182
An important but apparently neglected fact about U.S. exports is that export variation over time is dominated by … variation in exports of capital goods and industrial supplies rather than consumer goods. This fact suggests that world … investment demand rather than world consumption demand may be an important yet neglected determinant of U.S. exports. This paper …
Persistent link: https://www.econbiz.de/10005368184
This paper provides a reinterpretation of seventeenth-century mercantilist trade doctrine and policy in light of recent theories of strategic trade policy. Mercantilist economic thought, like strategic export-promotion theories, emphasized the use of government policy to capture rents that arise...
Persistent link: https://www.econbiz.de/10005368203
restructuring is taking place. One measure of the success of restructuring is export performance. That is, increased exports by … investigation, it is too early to tell whether Hungarian exports will respond systematically to standard determinants of trade, such …
Persistent link: https://www.econbiz.de/10005368205
impact of Chinese exports on global prices has been, while non-negligible, fairly modest. On a priori grounds, our …, using a multi-country database of trade transactions, we estimate that since 1993, Chinese exports lowered annual import …
Persistent link: https://www.econbiz.de/10005368295
Interest in income and price elasticities for international trade has increased recently because of the debt crisis that many developing countries are experiencing. Estimates of income elasticities of import demand, however, range from a low of 1.3 to a high of 4.7. Such differences have...
Persistent link: https://www.econbiz.de/10005368394
the U.S. external imbalances entails significant changes in real income, and that the speed with which U.S. net exports …
Persistent link: https://www.econbiz.de/10005368504
This paper presents a break-down of the export and import performance of select East Asian countries into price and volume effects. The results show that in aggregate, the decline in export revenue experienced by these countries in 1998 was largely due to a 9.1 percent fall in prices, and that...
Persistent link: https://www.econbiz.de/10005372616
reexamine the behavior of U.S. net exports. Our measure differs from existing measures of the dollar's real effective exchange … between our measure of relative prices and U.S. net exports is much more coherent than that between existing REERs and net … exports. To explore this relationship further, we use our measure to construct an index of foreign prices relevant for U …
Persistent link: https://www.econbiz.de/10005372622