The Importance of Rationing in International Trade : An Econometric Analysis for Germany
AbstractWithin the context of a macroeconometric rationing model the importance of rationing for international trade flows is investigated. The model describes rationing barriers on domestic and foreign markets which lead to spillover effects on domestic imports and exports. The novelties of this study are the more detailed analysis of the dynamics of international trade flows and the use of business survey data as proxies for rationing barriers. The model is estimated for Germany. As a result rationing does influence trade flows to a non-negligible extent. Moreover, business survey data are a useful indicator for rationing but they do not outperform other proxies such as the degree of capacity utilization.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (REL - Recherches Economiques de Louvain) with number 1992036.
Date of creation: 01 Sep 1992
Date of revision:
Find related papers by JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- F31 - International Economics - - International Finance - - - Foreign Exchange
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- Göggelmann, Klaus & Franz, Wolfgang & Winker, Peter, 1997. "Einige Wirkungen von steuerlichen Umfinanzierungsmaßnahmen in einem makroökonometrischen Ungleichgewichtsmodell für die westdeutsche Volkswirtschaft," ZEW Discussion Papers 97-19, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
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