THORBECKE, WILLEM; SMITH, GORDON - In: China Economic Policy Review (CEPR) 01 (2012) 02, pp. 1250012-1
Estimating the price elasticity of China's imports is difficult because many imports are used to produce exports and because the real effective exchange rate has remained fairly stable. To circumvent the first problem, we control for re-exports, and to increase the discriminatory power of the...