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Elasticidades de demanda de bienes exportados por Argentina
[Demand elasticities of goods exported by Argentina]

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Listed:
  • Frank, Luis

Abstract

The report presents a first estimate of the demand elasticities for Argentine exports at the item level. Elasticities were estimated using error correction models (ECM) or autoregressive distributed lag processes (ARDL). The results show that the demand for most goods is explained, in addition to their own (international) price, by the evolution of the bilateral real exchange rate (TCRB) with Brazil and Brazil's GDP. In both demand functions, the REER operates as the price of substitute or complementary goods. When the demand for goods could not be associated with the income of a particular trading partner, this component was explained by means of a global income index. And when the TCRB with Brazil did not operate as a proxy for the price of substitute or complementary goods, it was replaced by a general price index of Argentine exposures under the assumption that the entire export basket contains substitute or complementary goods for that particular item. At the end of the report, a final adjustment procedure of the elasticities estimated by ECM or ARDL was proposed in order to guarantee that certain restrictions imposed by economic theory are satisfied.

Suggested Citation

  • Frank, Luis, 2022. "Elasticidades de demanda de bienes exportados por Argentina [Demand elasticities of goods exported by Argentina]," MPRA Paper 114220, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:114220
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    File URL: https://mpra.ub.uni-muenchen.de/114220/1/MPRA_paper_114220.pdf
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    References listed on IDEAS

    as
    1. Frank, Luis, 2020. "Nota metodológica sobre la proyección de exportaciones de productos agro-industriales. Revisión 2020 [Methodological Note on the Projection of Exports of Agri-industrial Products. Review 2020]," MPRA Paper 111427, University Library of Munich, Germany.
    2. Frank, Luis, 2020. "Nota metodológica sobre la proyección de exportaciones de bienes y servicios reales [Methodological Note on the Projection of Exports of Goods and Real Services]," MPRA Paper 111424, University Library of Munich, Germany.
    3. James G. MacKinnon, 2010. "Critical Values For Cointegration Tests," Working Paper 1227, Economics Department, Queen's University.
    4. Frank, Luis, 2021. "Nota metodológica sobre la proyección de exportaciones de productos agro-industriales. Revisión 2021 [Methodological note on the projection of exports of agri-industrial products. 2021 review]," MPRA Paper 112283, University Library of Munich, Germany.
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    More about this item

    Keywords

    export elasticities; foreign trade; error correction model; autogressive model of distributed lags;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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