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Cambridge Journal of Economics, 2021
We analyse the hypothesis that variations in the income elasticities of the demand for exports and imports are influenced by the difference between the actual and industrial equilibrium levels of real effective exchange rates.
Nelson Marconi +3 more
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We analyse the hypothesis that variations in the income elasticities of the demand for exports and imports are influenced by the difference between the actual and industrial equilibrium levels of real effective exchange rates.
Nelson Marconi +3 more
semanticscholar +1 more source
Latin American trade elasticities
Journal of Economics and Finance, 1999An important issue in applied international economics is the extent to which trade flows adjust to changes in income, relative prices, and exchange rates. While there have been numerous surveys regarding merchandise trade elasticities in industrial economies such as Japan and the United States, relatively little work has been completed with respect to ...
Fullerton, Thomas M. +2 more
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Trade Models, Trade Elasticities, and the Gains from Trade [PDF]
We argue that the welfare gains from trade in new models with micro-level margins exceed those in frameworks without these margins. Theoretically, we show that for fixed trade elasticity, different models predict identical trade flows, but different patterns of micro-level price variation.
Ina Simonovska, Michael E. Waugh
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Different Trade Models, Different Trade Elasticities? [PDF]
, 2012 How has the development of new trade models changed our understanding of the welfare gains from trade? Answering this question depends solely on estimates of the trade elasticity obtained using techniques applicable across different models. In this paper we build on the methods of Simonovska and Waugh (2011) and we develop a common estimator for the ...
Michael Waugh, Ina Simonovska
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Hong Kong's Trade Patterns and Trade Elasticities [PDF]
, 2006 A salient feature of Hong Kong's external trade is its intermediation role. As the entrepot for Mainland China, Hong Kong helps channel raw materials and semi-manufacturing products from the rest of the world to the Mainland for further processing and then helps re-export the processed goods and final products to the rest of the world.
Li-gang Liu, Kelvin Fan, Jimmy Shek
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Heterogeneous trade elasticity and managerial skills
Journal of International EconomicsThis paper investigates the role of firms' managerial skills in the heterogeneous reaction of exporters to common exogenous changes in their international competitiveness (here captured by changes in the real exchange rate). Relying on a simple theoretical framework, we show that firms with better managerial skills have higher profits, market power and
Bas, Maria +3 more
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Trade creation, trade diversion and elastic labor supply
Mathematical Social Sciences, 1988Abstract Welfare effects of a customs union are examined in a two-sector model of a small open economy with elastic labor supply. It is shown that with positive labor supply elasticity and noncomplementarity of leisure and capital intensive good, the conventional results in customs union theory will (will not) hold if the production effect of ...
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Innovation, export performance and trade elasticities across different sectors
, 2021Ana Bottega, João P. Romero
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2002
That Asia’s share of world trade has expanded from insignificance to dominance is clear from figure 4.1. What is less clear is what role income and relative prices may have played in this remarkable expansion. Specifically, are income and price elasticities equally important across Asian countries, across exports and imports?
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That Asia’s share of world trade has expanded from insignificance to dominance is clear from figure 4.1. What is less clear is what role income and relative prices may have played in this remarkable expansion. Specifically, are income and price elasticities equally important across Asian countries, across exports and imports?
openaire +1 more source