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Modeling Aggregate Manufactured Exports for Some Asian Newly Industrialized Economies

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Author Info
Muscatelli, Vito Antonio
Stevenson, Andrew A
Montagna, Catia

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Abstract

A central question in studies of the Asian newly industrialised economies has been whether the extremely rapid export growth of these countries can be viewed as primarily a phenomenon of income-elastic export demand or of fast-expanding export supply in the face of highly price-elastic demand. This paper provides evidence to show that, while high income elasticities of export demand are detected using a conventional simultaneous model, this may conceal the presence of important product differentiation and product innovation effects on export demand. These are then captured using a measure of the total resource base. Copyright 1995 by MIT Press.

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Publisher Info
Article provided by MIT Press in its journal Review of Economics & Statistics.

Volume (Year): 77 (1995)
Issue (Month): 1 (February)
Pages: 147-55
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Handle: RePEc:tpr:restat:v:77:y:1995:i:1:p:147-55

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  1. Andreas Benedictow, 2000. "An Econometric Analysis of Exports of Metals: Product Differentiation and Limited Output Capacity," Discussion Papers 287, Research Department of Statistics Norway. [Downloadable!]
  2. Felicitas Nowak-Lehmann D., 2004. "Different approaches of modelling reaction lags: how do Chilean manufacturing exports react to movements of the real exchange rate?," Applied Economics, Taylor and Francis Journals, vol. 36(14), pages 1547-1560, August. [Downloadable!] (restricted)
  3. Tilak Abeysinghe & Keen Meng Choy, 2005. "Modelling Small Economy Exports: The Case of Singapore," SCAPE Policy Research Working Paper Series 0501, National University of Singapore, Department of Economics, SCAPE. [Downloadable!]
  4. Ralf Ruhwedel & Michael Funke, 2000. "Export Variety and Export Performance: Empirical Evidence from East Asia," Quantitative Macroeconomics Working Papers 20006, Hamburg University, Department of Economics. [Downloadable!]
    Other versions:
  5. Kevin C. Cheng, 2004. "A Re-examination of Korea's Trade Flows: What Has Changed and What Explains These Changes?," IMF Working Papers 04/145, International Monetary Fund. [Downloadable!]
  6. Jim Malley & Thomas Moutos, 2004. "Do excessive wage increases raise imports? Theory and evidence," Macroeconomics 0401003, EconWPA. [Downloadable!]
    Other versions:
  7. Lilas Demmou, 2007. "Technical progress in North and welfare gains in South under nonhomothetic preferences," PSE Working Papers 2007-08, PSE (Ecole normale supérieure). [Downloadable!]
  8. Panayiotis P. Athanasoglou & Ioanna C. Bardaka, 2008. "Price and Non - Price Competitiveness of Exports of Manufactures," Working Papers 69, Bank of Greece. [Downloadable!]
  9. Morris Goldstein, 2004. "Adjusting China's Exchange Rate Policies," Peterson Institute Working Paper Series WP04-1, Peterson Institute for International Economics. [Downloadable!]
  10. Alan King, 2000. "Modelling manufactured exports in Europe: a two-regime approach," Journal of International Trade & Economic Development, Taylor and Francis Journals, vol. 9(2), pages 173-192, June. [Downloadable!] (restricted)
  11. NÉJIB HACHICHA, 2003. "Exports, Export Composition And Growth: A Simultaneous Error-Correction Model For Tunisia," International Economic Journal, Korean International Economic Association, vol. 17(1), pages 101-120, April. [Downloadable!] (restricted)
  12. Jakob Madsen, 1998. "Errors-in-variables, supply side effects, and price elasticities in foreign trade," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 134(4), pages 612-637, December. [Downloadable!] (restricted)
  13. Michael Funke & Ralf Ruhwedel, 2002. "Export variety and export performance: Empirical evidence for the OECD countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 138(1), pages 97-114, March. [Downloadable!] (restricted)
  14. In, 1998. "Modelling Manufactured Evidence for Asian Newly Industrialised Economics," Trade Working Papers 397, East Asian Bureau of Economic Research. [Downloadable!]
  15. Changqi Wu & Leonard K. Cheng, 1999. "The Determinants of Export Performance of China's Township-Village Enterprises," LICOS Discussion Papers 8299, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven. [Downloadable!]
  16. David Norman, 2006. "Modelling Manufactured Exports: Evidence from Australian States," RBA Research Discussion Papers rdp2006-01, Reserve Bank of Australia. [Downloadable!]
  17. Koi Nyen Wong & Tuck Cheong Tang, 2007. "Exchange Rate Variability And The Export Demand For Malaysia'S Semiconductors: An Empirical Study," Monash Economics Working Papers 13/07, Monash University, Department of Economics. [Downloadable!]
  18. Felicitas Nowak-Lehmann D. & Inmaculada Martínez- Zarzoso, 2003. "The interplay of export supply and the real exchange rate. Evidence for Mercosur exports to the EU," International Trade 0309020, EconWPA. [Downloadable!]
  19. Yener Kandogan, 2003. "TDoes Product Differentiation Explain The Increase in Exports of Transition Countries?," William Davidson Institute Working Papers Series 2003-599, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  20. Yener Kandogan, 2003. "The Reorientation of Transition Countries’ Exports: Changes in Quantity, Quality and Variety," William Davidson Institute Working Papers Series 2003-631, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  21. Duttagupta, Rupa & Spilimbergo, Antonio, 2003. "What Happened to Asian Exports During the Crisis?," CEPR Discussion Papers 4158, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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