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The importance of rationing in international trade: A theoretical and econometric analysis for the Federal Republic of Germany

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  • Franz, Wolfgang
  • Heidbrink, Gustav W.

Abstract

This paper deals with the importance of rationing for international trade flows. The analysis is based on a macroeconometric rationing model for the Federal Republic of Germany. Besides a theoretical treatment of various channels through which rationing occurs, an estimation of a rationing model is carried out with special reference to the trade flows. A crucial question concerns the adequate variable which may be able to capture rationing. This paper discusses to what extent that answers from a business survey may be used as proxies for possible rationing.

Suggested Citation

  • Franz, Wolfgang & Heidbrink, Gustav W., 1991. "The importance of rationing in international trade: A theoretical and econometric analysis for the Federal Republic of Germany," Discussion Papers, Series II 165, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    • Handle: RePEc:zbw:kondp2:165
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    References listed on IDEAS

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    9. E. Malinvaud, 1980. "Macroeconomic Rationing of Employment," International Economic Association Series, in: Edmond Malinvaud & Jean-Paul Fitoussi (ed.), Unemployment in Western Countries, chapter 7, pages 173-205, Palgrave Macmillan.
    10. Sneessens, H. & Dreze, J., 1985. "A discussion of Belgian unemployment, combining traditional concepts and disequilibrium econometrics," LIDAM Discussion Papers CORE 1985040, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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    12. Hooper, Peter & Morton, John, 1982. "Fluctuations in the dollar: A model of nominal and real exchange rate determination," Journal of International Money and Finance, Elsevier, vol. 1(1), pages 39-56, January.
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    14. Sneessens, Henri R & Dreze, Jacques H, 1986. "A Discussion of Belgian Unemployment, Combining Traditional Concepts and Disequilibrium Econometrics," Economica, London School of Economics and Political Science, vol. 53(210(S)), pages 89-119, Supplemen.
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    Cited by:

    1. Franz, Wolfgang & Heidbrink, Gustav W., 1992. "International spillovers and employment in a disequilibrium macroeconomic model for Germany," Discussion Papers, Series II 196, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".

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