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Die Preisbildung im westdeutschen Außenhandel: Eine empirische Analyse

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  • Fischer, Malte
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    Abstract

    Which factors determine the prices of West German expörts and imports? To answer this question, two single equation error correction modeis are applied. Export prices turn out to be mainly determined by prices for concurrent goods proiduced abroad, whereas unit labor costs and the nominal exchange-rate of the D-Mark only have minor impacts on export prices. Import prices are significantly influenced by producer prices abroad, domestic prices for import substitutes, the nominal exchange-rate of the D-Mark and - to a smaller degree - by commodity prices. The modeis are fmally used to simulate the reaction of export and import prices to changes of the exogenous variables.

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    File URL: http://econstor.eu/bitstream/10419/46932/1/257856528.pdf
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    Bibliographic Info

    Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 782.

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    Date of creation: 1996
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    Handle: RePEc:kie:kieliw:782

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    Keywords: International Trade; Time-Series Models; Simulations;

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    1. Bera, Anil K. & Jarque, Carlos M., 1982. "Model specification tests : A simultaneous approach," Journal of Econometrics, Elsevier, vol. 20(1), pages 59-82, October.
    2. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, Econometric Society, vol. 49(4), pages 1057-72, June.
    3. Rudiger Dornbusch, 1985. "Exchange Rates and Prices," NBER Working Papers 1769, National Bureau of Economic Research, Inc.
    4. Kravis, Irving B & Lipsey, Robert E, 1977. "Export Prices and the Transmission of Inflation," American Economic Review, American Economic Association, vol. 67(1), pages 155-63, February.
    5. Jeroen J.M. Kremers & Neil R. Ericsson & Juan J. Dolado, 1992. "The power of cointegration tests," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 431, Board of Governors of the Federal Reserve System (U.S.).
    6. Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, Econometric Society, vol. 55(2), pages 251-76, March.
    7. Charles Engel, 1992. "Real Exchange Rates and Relative Prices: An Empirical Investigation," NBER Working Papers 4231, National Bureau of Economic Research, Inc.
    8. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, Econometric Society, vol. 48(4), pages 817-38, May.
    9. Stephen J. Turnovsky & Andre Kaspura, 1974. "An Analysis of Imported Inflation in a Short-Run Macroeconomic Model," Canadian Journal of Economics, Canadian Economics Association, vol. 7(3), pages 355-80, August.
    10. Lucrezia Reichlin & Jacques Le Cacheux, 1992. "Exchange rates and import prices: evidence of pricing to market in the European car market," ULB Institutional Repository 2013/10189, ULB -- Universite Libre de Bruxelles.
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    Cited by:
    1. Boss, Alfred & Döpke, Jörg & Fischer, Malte & Langfeldt, Enno & Schatz, Klaus-Werner & Scheide, Joachim, 1997. "Bundesrepublik Deutschland: Exportboom treibt Konjunktur," Open Access Publications from Kiel Institute for the World Economy 1727, Kiel Institute for the World Economy (IfW).
    2. Boss, Alfred & Döpke, Jörg & Fischer, Malte & Langfeldt, Enno & Lapp, Susanne & Schatz, Klaus-Werner, 1997. "Aufschwung in Deutschland: mehr Schub von der Inlandsnachfrage," Open Access Publications from Kiel Institute for the World Economy 1697, Kiel Institute for the World Economy (IfW).
    3. Boss, Alfred & Döpke, Jörg & Fischer, Malte & Langfeldt, Enno & Lapp, Susanne & Schatz, Klaus-Werner, 1997. "Deutsche Konjunktur weiter aufwärtsgerichtet," Open Access Publications from Kiel Institute for the World Economy 1707, Kiel Institute for the World Economy (IfW).
    4. Boss, Alfred & Gerling, Katja & Gottschalk, Jan & Meier, Carsten-Patrick & Scheide, Joachim & Schmidt, Rainer & Strauß, Hubert, 2000. "Deutsche Konjunktur: Aufschwung verliert an Fahrt," Open Access Publications from Kiel Institute for the World Economy 2500, Kiel Institute for the World Economy (IfW).

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