Modelling export and import demand functions: the Spanish case
During the last decades the exchange trade in Spain overseas has experienced a major boost, firstly related to European market integration and, recently, to the worldwide globalization process, whereby huge exporters (i.e. China or India) have raised to the new international scene and the development of services’ international exchange both played a key role. These changes make the analysis of the conditioning main factors for explaining the evolution of exchange trade flows in Spain by means of econometric models especially hard, since they seldom may approach the special features of the long term under consideration. The aim of this paper is showing the results obtained once traditional demand functions for imports and exports of goods and services for the Spanish economy – quarterly series from National Accounts for the period 1980-2006 – were re-estimated. Besides, within goods’ flows based on home and host’s Euro Area exports and imports, on one hand, and worldwide, on the other, are taken into consideration in order to prove whether trade flows’ determinants may vary across host markets where goods are exchanged. The estimated equations allow us identifying whether traditional determinants on trade flows abroad have suffered relevant changes and how they have contributed in explaining the evolution of the period 1980-2008.
|Date of creation:||Dec 2009|
|Contact details of provider:|| Web page: http://www.bde.es/|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:bde:opaper:0905. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (María Beiro. Electronic Dissemination of Information Unit. Research Department. Banco de España)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.