In this book export demand and supply are modeled simultaneously using a new proxy for globalization. Empirical estimates for the United States, Canada, and Germany show that the countries differ as to the price elasticities of demand and supply and the effects of globalization. However, the elasticity of exports to world production equals unity throughout, which is in line with constant returns to scale, but lower than the values found in previous studies that do not distinguish between growth and globalization.
Inhaltsverzeichnis
The Estimation of Aggregate Exports: New Questions in a Seemingly Explored Field. - Theoretical Foundations of the Supply of and Demand for Aggregate Exports. - Overview of the Empirical Literature on Aggregate Exports. - Time Series and Their Properties. - The Long-Run Structure of the Aggregate Export System. - The Partial Models: Estimation, Stability Analysis, and Dynamic Adjustment. - Modeling Germany`s Exports in a Single-Equation Error Correction Model. - Summary, Conclusions, and Policy Implications.
