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Exports in the Econometric Model KOSMOS

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  • Johansson, Kerstin

    (National Institute of Economic Research)

Abstract

Equations for exports of manufactured goods and for services in KOSMOS, the macroeconometric model at NIER, are estimated. The equations are interpreted as representing foreign demand for Swedish exports. The formulation is based on the Armington-assumption and demand depends on a measure of foreign income and the Swedish export price, relative to a measure of the competitor's price. The parameterestimates in both equations are reasonable and the forecasting behavior of the models is acceptable. The estimated long run price elasticities are: -1.3 for manufactured goods, and -0.7 for services. The estimated long run income elasticities are: 0.8 for manufactured goods, and 1.2 for services.

Suggested Citation

  • Johansson, Kerstin, 1998. "Exports in the Econometric Model KOSMOS," Working Papers 62, National Institute of Economic Research.
  • Handle: RePEc:hhs:nierwp:0062
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    1. Gottfries, N., 1994. "Market Shares, Financial Constraints, and Pricing Behavior in the Export Industry," Papers 586, Stockholm - International Economic Studies.
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    Cited by:

    1. Post, Erik, 2007. "Macroeconomic imbalances and exchange rate regime shifts," Working Paper Series 2007:4, Uppsala University, Department of Economics.
    2. Cúrdia, Vasco & Finocchiaro, Daria, 2013. "Monetary regime change and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 37(4), pages 756-773.
    3. Cúrdia, Vasco & Finocchiaro, Daria, 2005. "An Estimated DSGE Model for Sweden with a Monetary Regime Change," Seminar Papers 740, Stockholm University, Institute for International Economic Studies.

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