effective demand in a growth context, by which a permanent demand shock has a permanent growth effect, is consistent with the … Nachfrage für die US-amerikanische verarbeitende Industrie. Im Wachstumskontext besagt das Prinzip der effektiven Nachfrage …

A shortcoming of most empirical studies on aggregate exports is their exclusive focus on the demand side. Moreover, the … effect of globalization is often neglected leading to implausibly high income elasticities. This paper models export demand … vector error correction model is the appropriate econometric framework. Using the Johansen procedure, two cointegration …