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Time Series Analysis of Export Demand Equations

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Release : 1998-10-01
Genre : Business & Economics
Kind : eBook
Book Rating : 589/5 ( reviews)

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Book Synopsis Time Series Analysis of Export Demand Equations by : Mr.Abdelhak Senhadji

Download or read book Time Series Analysis of Export Demand Equations written by Mr.Abdelhak Senhadji. This book was released on 1998-10-01. Available in PDF, EPUB and Kindle. Book excerpt: The paper estimates export demand elasticities for a large number of developing and developed countries, using time-series techniques that account for the nonstationarity in the data. The average long-run price and income elasticities are found to be approximately -1 and 1.5, respectively. Thus, exports do react to both the trade partners’ income and to relative prices. Africa faces the lowest income elasticities for its exports, while Asia has both the highest income and price elasticities. The price and income elasticity estimates have good statistical properties.

Time Series Analysis of Export Demand Equations

Download Time Series Analysis of Export Demand Equations PDF Online Free

Author :
Release : 2006
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Time Series Analysis of Export Demand Equations by : Abdelhak Senhadji

Download or read book Time Series Analysis of Export Demand Equations written by Abdelhak Senhadji. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: The paper estimates export demand elasticities for a large number of developing and developed countries, using time-series techniques that account for the nonstationarity in the data. The average long-run price and income elasticities are found to be approximately -1 and 1.5, respectively. Thus, exports do react to both the trade partners` income and to relative prices. Africa faces the lowest income elasticities for its exports, while Asia has both the highest income and price elasticities. The price and income elasticity estimates have good statistical properties.

Time-Series Estimation of Structural Import Demand Equations

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Author :
Release : 1997-10-01
Genre : Business & Economics
Kind : eBook
Book Rating : 346/5 ( reviews)

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Book Synopsis Time-Series Estimation of Structural Import Demand Equations by : Mr.Abdelhak Senhadji

Download or read book Time-Series Estimation of Structural Import Demand Equations written by Mr.Abdelhak Senhadji. This book was released on 1997-10-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper derives a structural import demand equation and estimates it for a large number of countries, using recent time series techniques that address the problem of nonstationarity. Because the statistical properties of the different estimators have been derived only asymptotically, econometric theory does not offer any guidance when it comes to comparing different estimators in small samples. Consequently, the paper derives the small-sample properties of both the ordinary-least-squares (OLS) and the fully-modified (FM) estimators using Monte Carlo methods. It is shown that FM dominates OLS for both the short- and long-run elasticities.

Quantitative International Economics

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Release : 2017-09-04
Genre : Business & Economics
Kind : eBook
Book Rating : 224/5 ( reviews)

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Book Synopsis Quantitative International Economics by : Edward E. Leamer

Download or read book Quantitative International Economics written by Edward E. Leamer. This book was released on 2017-09-04. Available in PDF, EPUB and Kindle. Book excerpt: This distinctive book sets forth, on an advanced level, various methods for the quantitative measurement of important relationships at issue in areas of the balance of payments and international trade and welfare. The results achieved in recent studies are presented and the directions for new research are indicated. This book is composed of two main parts.Part I deals with the balance of payments and consists of the first half of the book. One of the longest and almost important chapters of this part talks about, at length the time-series analysis of the demand for imports and exports from the point of view of an individual country. This subject has a long and somewhat checkered history dating from the 1940's, when a number of estimates using least squares multiple regression methods were made of import and export demand functions for the interwar period. The noteworthy feature of many of these estimates was that they suggested relatively low price elasticities of demand in international trade. The implication was thus drawn that the international price mechanism could not be relied on for balance-of payments adjustment purposes.This book talks about the topics of theory and measurement of the elasticity of substitution in international trade, estimating the international capital movements, and forecasting and policy analysis with econometric models. Part II deals with international trade and welfare. While, there are many other books dealing with trade theory, this title focuses on a narrower range of topics that are not always mentioned or understood by individuals, such as the theory and measurement of trade dependence and interdependence, the analysis of the component factors a country has that affects how its export growth is over time, and the welfare effects of trade liberalizationThis book serves as a guide and reference work for economics graduate students, academicians, and practicing economists in private and governmental circles. They will find this book

Time-Series Estimation of Structural Import Demand Equations

Download Time-Series Estimation of Structural Import Demand Equations PDF Online Free

Author :
Release : 2006
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Time-Series Estimation of Structural Import Demand Equations by : Abdelhak Senhadji

Download or read book Time-Series Estimation of Structural Import Demand Equations written by Abdelhak Senhadji. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: This paper derives a structural import demand equation and estimates it for a large number of countries, using recent time series techniques that address the problem of nonstationarity. Because the statistical properties of the different estimators have been derived only asymptotically, econometric theory does not offer any guidance when it comes to comparing different estimators in small samples. Consequently, the paper derives the small-sample properties of both the ordinary-least-squares (OLS) and the fully-modified (FM) estimators using Monte Carlo methods. It is shown that FM dominates OLS for both the short- and long-run elasticities.

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