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Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong: A Comment

  • Athukorala, Premachandra
  • Riedel, James

V. A. Muscatelli, T. G. Srinivasan and D. Vines (1992) purported to refute J. Riedel's (1988) finding that Hong Kong is a small, price-taking country in world markets. This comment shows, however, that Muscatelli, Srinivasan, and Vines's results are due entirely to an unjustifiable restriction they imposed on the estimated export demand equation and not the result of using a superior estimation technique, as they asserted. Copyright 1994 by Royal Economic Society.

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Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 104 (1994)
Issue (Month): 427 (November)
Pages: 1411-14

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Handle: RePEc:ecj:econjl:v:104:y:1994:i:427:p:1411-14
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  1. Harrison, Glenn W. & Rutherford, Thomas F. & Tarr,David & Gurgel, Angelo, 2003. "Regional, multilateral, and unilateral trade policies on MERCOSUR for growth and poverty reduction in Brazil," Policy Research Working Paper Series 3051, The World Bank.
  2. Ernesto Valenzuela & Kym Anderson & Thomas Hertel, 2008. "Impacts of trade reform: sensitivity of model results to key assumptions," International Economics and Economic Policy, Springer, vol. 4(4), pages 395-420, February.
  3. Panagariya, Arvind & Shah, Shekhar & Mishra, Deepak, 2001. "Demand elasticities in international trade: are they really low?," Journal of Development Economics, Elsevier, vol. 64(2), pages 313-342, April.
  4. Thomas F. Rutherford & David G. Tarr, 2003. "Regional Trading Arrangements for Chile: do the Results Differ with a Dynamic Model?," Economie Internationale, CEPII research center, issue 94-95, pages 261-281.
  5. Mohammad Kabir & Ruhul Salim, 2011. "Analysing Potential Effects of Preferential Liberalisation in Some Asian Emerging Economies," International Economic Journal, Taylor & Francis Journals, vol. 25(2), pages 191-213.
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