Time Series Analysis of Export Demand Equations
AbstractThe paper estimates export demand elasticities for a large number of developing and developed countries, using time-series techniques that account for the nonstationarity in the data. The average long-run price and income elasticities are found to be approximately -1 and 1.5, respectively. Thus, exports do react to both the trade partners’ income and to relative prices. Africa faces the lowest income elasticities for its exports, while Asia has both the highest income and price elasticities. The price and income elasticity estimates have good statistical properties.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 98/149.
Date of creation: 01 Oct 1998
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Research Memorandum, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT)
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