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This paper argues that previous empirical work on the explanation for Hong Kong's export Growth, by focusing on the values of the estimated price and income elasticities, has failed to provide a full account. It is necessarily also to look at changes in the explanatory variables in the model,...
Persistent link: https://www.econbiz.de/10005583049
Persistent link: https://www.econbiz.de/10005647245
. Aggregate consumption is twenty percent more volatile than output, the trade balance is much more volatile than output and is …
Persistent link: https://www.econbiz.de/10005647288
trade and economic growth. The model distinguishes between two froms of human capital, knowledge and efucation. Both are …
Persistent link: https://www.econbiz.de/10005647289