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The Demand For Ldc Exports Of Primary Commodities: The Case Of The Philippines

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Listed author(s):
  • Warr, Peter G.
  • Wollmer, Frances

Abstract

The economic case for taxing exports rests on the elasticity of demand for the exports concerned, but the true values of these elasticities are controversial. The international demand for Philippine exports of coconut products is examined in this paper. The hypothesis that the Philippines is a 'small country' exporter of coconut products is rejected using the specification of a price-normalised demand equation and the implications of this finding are discussed.

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Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

Volume (Year): 40 (1996)
Issue (Month): 01 (April)
Pages:

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Handle: RePEc:ags:ajaeau:22361
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Keywords: Demand and Price Analysis;

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  1. Krugman, Paul, 1989. "Differences in income elasticities and trends in real exchange rates," European Economic Review, Elsevier, vol. 33(5), pages 1031-1046, May.
  2. Balisacan, Arsenio M, 1993. "Agricultural Growth, Landlessness, Off-farm Employment, and Rural Poverty in the Philippines," Economic Development and Cultural Change, University of Chicago Press, vol. 41(3), pages 533-562, April.
  3. Coxhead, Ian A. & Warr, Peter G., 1995. "Does Technical Progress In Agriculture Alleviate Poverty? A Philippine Case Study," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 39(01), April.
  4. Riedel, James, 1988. "The Demand for LDC Exports of Manufactures: Estimates from Hong Kong," Economic Journal, Royal Economic Society, vol. 98(389), pages 138-148, March.
  5. Muscatelli, Vito Antonio & Srinivasan, T G & Vines, David, 1992. "Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong Exports," CEPR Discussion Papers 671, C.E.P.R. Discussion Papers.
  6. Perron, Pierre, 1988. "Trends and random walks in macroeconomic time series : Further evidence from a new approach," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 297-332.
  7. Peter C. B. Phillips & Bruce E. Hansen, 1990. "Statistical Inference in Instrumental Variables Regression with I(1) Processes," Review of Economic Studies, Oxford University Press, vol. 57(1), pages 99-125.
  8. repec:bla:restud:v:57:y:1990:i:1:p:99-125 is not listed on IDEAS
  9. Goldstein, Morris & Khan, Mohsin S., 1985. "Income and price effects in foreign trade," Handbook of International Economics,in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 20, pages 1041-1105 Elsevier.
  10. Bautista, Romeo M, 1978. "Interrelated Products and the Elasticity of Export Supply in Developing Countries," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(1), pages 181-194, February.
  11. Phillips, Peter C B & Ouliaris, S, 1990. "Asymptotic Properties of Residual Based Tests for Cointegration," Econometrica, Econometric Society, vol. 58(1), pages 165-193, January.
  12. Peter C. B. Phillips & Mico Loretan, 1991. "Estimating Long-run Economic Equilibria," Review of Economic Studies, Oxford University Press, vol. 58(3), pages 407-436.
  13. Premachandra Athukorala & James Riedel, 1991. "The small country assumption: A reassessment with evidence from Korea," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 127(1), pages 138-151, March.
  14. Hansen, Bruce E., 1992. "Efficient estimation and testing of cointegrating vectors in the presence of deterministic trends," Journal of Econometrics, Elsevier, vol. 53(1-3), pages 87-121.
  15. Goldstein, Morris & Khan, Mohsin S, 1978. "The Supply and Demand for Exports: A Simultaneous Approach," The Review of Economics and Statistics, MIT Press, vol. 60(2), pages 275-286, May.
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Cited by:

  1. Waschik, Robert & Fraser, Iain, 2007. "A computable general equilibrium analysis of export taxes in the Australian wool industry," Economic Modelling, Elsevier, vol. 24(4), pages 712-736, July.
  2. Peter Warr, 2002. "Export taxes and income distribution: The Philippines coconut levy," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 138(3), pages 437-458, September.
  3. Khuele, P.R.S. & Darroch, Mark A.G., 1997. "Demand and supply factors in the export of South African fresh oranges to the United Kingdom: 1976-1993," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 36(4), December.

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