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Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong: A Comment

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  • Athukorala, Premachandra
  • Riedel, James

Abstract

V. A. Muscatelli, T. G. Srinivasan and D. Vines (1992) purported to refute J. Riedel's (1988) finding that Hong Kong is a small, price-taking country in world markets. This comment shows, however, that Muscatelli, Srinivasan, and Vines's results are due entirely to an unjustifiable restriction they imposed on the estimated export demand equation and not the result of using a superior estimation technique, as they asserted. Copyright 1994 by Royal Economic Society.

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  • Athukorala, Premachandra & Riedel, James, 1994. "Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong: A Comment," Economic Journal, Royal Economic Society, vol. 104(427), pages 1411-1414, November.
    • Handle: RePEc:ecj:econjl:v:104:y:1994:i:427:p:1411-14
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    4. Thomas F. Rutherford & David Tarr, 2017. "Regional Trading Arrangements for Chile: Do the Results Differ with a Dynamic Model?," World Scientific Book Chapters, in: Trade Policies for Development and Transition, chapter 18, pages 415-437, World Scientific Publishing Co. Pte. Ltd..
    5. Harrison, Glenn W. & Rutherford, Thomas F. & Tarr, David G. & Gurgel, Angelo, 2002. "Regional, Multilateral and Unilateral Trade Policies of MERCOSUR for Growth and Poverty Reduction in Brazil," Conference papers 331003, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
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    8. Glenn W. Harrison & Thomas F. Rutherford & David G. Tarr, 2014. "Trade Policy Options for Chile: The Importance of Market Access," World Scientific Book Chapters, in: APPLIED TRADE POLICY MODELING IN 16 COUNTRIES Insights and Impacts from World Bank CGE Based Projects, chapter 14, pages 329-359, World Scientific Publishing Co. Pte. Ltd..
    9. J.M. Ananda Jayawickrama, 2009. "Modelling Trade Sector and Trade Shocks in a Small Open Economy," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 10(1), pages 81-103, January.
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    4. Glenn W. Harrison & Thomas F. Rutherford & David G. Tarr, 2005. "Chile´s Regional Arrangements: The Importance of Market Access and Lowering the Tariff to Six Percent," Central Banking, Analysis, and Economic Policies Book Series, in: Rómulo A. Chumacero & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (S (ed.),General Equilibrium Models for the Chilean Economy, edition 1, volume 9, chapter 9, pages 303-344, Central Bank of Chile.
    5. Vines, David & Kirsanova, Tatiana & Menzies, Gordon, 2007. "Stiglitz Versus the IMF on the Asian Debt Crisis: An Intertemporal Model with Real Exchange Rate Overshooting," CEPR Discussion Papers 6318, C.E.P.R. Discussion Papers.
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    11. Ernesto Valenzuela & Kym Anderson & Thomas Hertel, 2008. "Impacts of trade reform: sensitivity of model results to key assumptions," International Economics and Economic Policy, Springer, vol. 4(4), pages 395-420, February.
    12. Miguel, Carlos de & O'Ryan, Raúl & Pereira, Mauricio & Carriquiri, Bruno, 2009. "Energy shocks, fiscal policy and CO2 emissions in Chile," Conference papers 331817, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    13. Baak, SaangJoon, 2014. "Do Chinese and Korean products compete in the Japanese market? An investigation of machinery exports," Journal of the Japanese and International Economies, Elsevier, vol. 34(C), pages 256-271.
    14. Harrison, Glenn W. & Rutherford, Thomas F. & Tarr, David G., 1997. "Trade policy options for Chile : a quantitative evaluation," Policy Research Working Paper Series 1783, The World Bank.
    15. J.M. Ananda Jayawickrama, 2009. "Modelling Trade Sector and Trade Shocks in a Small Open Economy," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 10(1), pages 81-103, January.
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