Download or read book Price Elasticities in International Trade written by Robert Mitchell Stern and published by Trade Policy Research Centre. This book was released on 1976 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cross Price Elasticities in International Trade written by Osman Bubik and published by . This book was released on 1974 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Price Elasticities in International Trade written by Robert M. Stern and published by Springer. This book was released on 1976-06-18 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Demand elasticities in international trade are they really low written by Arvind Panagariya and published by World Bank Publications. This book was released on 1999 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: December 1996 For the first time in the economics literature, Panagariya, Shah, and Mishra obtain import demand elasticities for a small country (Bangladesh) that are very large. The elasticities are based on parameters of a utility function that are systematically of the correct sign and statistically significant. Using highly disaggregated data, both own-price and cross-price elasticities are estimated. Most economists are comfortable with the assumption that import demand elasticities facing small countries such as Austria, Belgium, and Denmark are approximately infinite. Yet the actual estimates of import demand elasticities for these and other countries are disturbingly low. Typical estimates range from 1-2, and in rare cases rise to 3. Such estimates seriously undermine the case for unilateral liberalization since they suggest considerable market power on the part of even small economies. They also raise doubts about the ability of exports to serve as an engine of growth. With import demand elasticities lying between 1 and 3, a 20 percent annual expansion in exports would, for example, lead to a substantial deterioration in the terms of trade. Panagariya, Shah, and Mishra analyze the U.S. demand for imports from Bangladesh for the products restricted under the Multifiber Arrangement. Because Bangladesh is only a small supplier of these products and close substitutes are available from many Asian and Latin American countries, they expected the elasticity of demand for Bangladeshi imports to be high. Their estimates of own-price elasticity are consistently high, exceeding 65 in all cases. This finding accords with trade theorists' prejudice that small countries can essentially behave as price takers but conflicts with the view in the empirical literature that demand elasticities rarely exceed 3 and are generally between 1 and 2. The authors' analysis differs from the existing literature in three ways. First, contrary to the general practice of postulating an ad hoc equation that violates trade theory, they derive a set of estimation equations from an explicit, utility-maximization model. They estimate these equations as a system and use the estimated parameters of the utility function to obtain the Marshallian own-price and cross-price elasticities as well as the income elasticity of demand. Second, they take explicit account of U.S. imports from competitors of Bangladesh. Rather than proxy competitors' prices by the prices prevailing in the export market, they rely directly on competitors' prices. Finally, they use highly disaggregated data that make the unit value of exports a far better proxy for price than is the case with the aggregate export data that are commonly used in this literature. This paper is a product of the Country Operations Division, Country Department I, South Asia. The study was funded by the Bank's Research Support Budget under research project Export Competitiveness and the Real Exchange Rate (RPO 679-59).

Download or read book Price Elasticities Joint Products and International Trade written by Nicholas Piggott and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends the basic results of Houck's insight for derived demand elasticities for the case of joint products by allowing for the possibility of the joint and raw products being traded. Theoretical relationships between individual demands for a set of jointly-produced commodities that are traded and composite demand for the raw product from which the joint products originate are derived. It is shown that while the derived price elasticity of domestic demand retains the same form as Houck's original formula, the relevant price elasticities of demand to include in the formula are elasticities of total demand instead of domestic demand elasticities. Using the USA soybean industry as an example, this generalised formula that takes into account trade is implemented to calculate the elasticity of total demand for USA soybeans. The usefulness of this formula for policy-makers to trace out the impacts of changes in market conditions and trade policy in the joint-products, and how it will impact the price elasticity of domestic and total demand for the raw product, is demonstrated.

Download or read book Measurement of Price Elasticities in International Trade written by Guy H. Orcutt and published by . This book was released on 1950 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Demand Elasticities in International Trade written by Arvind Panagariya and published by . This book was released on 2016 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the first time in the ...

Download or read book Some Evidence on Price Elasticities in International Trade written by Donald L. Huddle and published by . This book was released on 1970 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Price elasticities in international trade written by Robert Mitchell Stern and published by . This book was released on 1975 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Econometrics of Elasticities Or the Elasticity of Econometrics written by Jaime R. Marquez and published by . This book was released on 1991 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Great Trade Collapse Causes Consequences and Prospects written by Richard E. Baldwin and published by CEPR. This book was released on 2009 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Quantitative International Economics written by Edward E. Leamer and published by Routledge. This book was released on 2017-09-04 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This distinctive book sets forth, on an advanced level, various methods for the quantitative measurement of important relationships at issue in areas of the balance of payments and international trade and welfare. The results achieved in recent studies are presented and the directions for new research are indicated. This book is composed of two main parts.Part I deals with the balance of payments and consists of the first half of the book. One of the longest and almost important chapters of this part talks about, at length the time-series analysis of the demand for imports and exports from the point of view of an individual country. This subject has a long and somewhat checkered history dating from the 1940's, when a number of estimates using least squares multiple regression methods were made of import and export demand functions for the interwar period. The noteworthy feature of many of these estimates was that they suggested relatively low price elasticities of demand in international trade. The implication was thus drawn that the international price mechanism could not be relied on for balance-of payments adjustment purposes.This book talks about the topics of theory and measurement of the elasticity of substitution in international trade, estimating the international capital movements, and forecasting and policy analysis with econometric models. Part II deals with international trade and welfare. While, there are many other books dealing with trade theory, this title focuses on a narrower range of topics that are not always mentioned or understood by individuals, such as the theory and measurement of trade dependence and interdependence, the analysis of the component factors a country has that affects how its export growth is over time, and the welfare effects of trade liberalizationThis book serves as a guide and reference work for economics graduate students, academicians, and practicing economists in private and governmental circles. They will find this book

Download or read book Price Elasticities in International Food Trade written by Rodney Tyers and published by . This book was released on 1989 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Computable General Equilibrium Modeling written by Peter B. Dixon and published by Newnes. This book was released on 2013-11-14 with total page 1143 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy

Download or read book Tariffs Competitiveness and Price Elasticities of Demand for Imports written by Paul Stanley Armington and published by . This book was released on 1966 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Production Sharing and the Measurement of Price Elasticities in International Trade written by Prema-chandra Athukorala and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.