Showing 11 - 20 of 63,558
This study aims to investigate the impact of supply-side factors on the export performance of Pakistan at a disaggregated level. It has identified major export categories of Pakistan and constructed a novel time-series data set of each of these categories from 1971 to 2014. Using autoregressive...
Persistent link: https://www.econbiz.de/10012219332
Gravity as both fact and theory is one of the great success stories of recent research on international trade, and has featured prominently in the policy debate over Brexit. We first review the facts, noting the overwhelming evidence that trade tends to fall with distance. We then introduce some...
Persistent link: https://www.econbiz.de/10012177012
Brazil, like other natural resource-exporting countries, has benefited from a sharp increase in commodity prices over the last few years. To investigate the possible impact of terms-of-trade gains on the real economy, this paper estimates normalised quadratic input demand and output supply...
Persistent link: https://www.econbiz.de/10012444079
CGEMs are one of the most potentially powerful tools for simulating policies. However, a major restriction they face is them needing a huge number of parameters that are not always available, and even at times impossible to obtain. When CGEMs are applied to trade, Armington elasticities of...
Persistent link: https://www.econbiz.de/10014182984
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
International trade studies have higher macro (Armington) elasticity measures compared to international finance studies … gains from trade. Regarding the policy implications, this so-called international elasticity puzzle is solved in this paper … through expenditure shares. It is shown theoretically and confirmed empirically that the macro elasticity in international …
Persistent link: https://www.econbiz.de/10012964549
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
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/10011404273
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
We undertake a trade-growth accounting exercise by decomposing data on changes in bilateral international trade flows into their direct (endowment accumulation, productivity growth, changes in trade costs, changing preferences) and indirect components (general equilibrium effects). Furthermore,...
Persistent link: https://www.econbiz.de/10011444883