| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP671 |
| DP671 Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong Exports | |
| David Vines; Vito Antonio Muscatelli; T. G. Srinivasan | |
| 发表日期 | 1992-06-30 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | This paper considers the issue of whether a small developing economy such as Hong Kong faces a perfectly elastic demand for its exports of manufactured goods. We construct a simultaneous demand and supply system which is estimated using Full Information Maximum Likelihood methods, and which allows us to clearly identify demand and supply factors in determining export volumes and prices. Our empirical findings differ from previous studies conducted with this data set in that they suggest that even a small dynamic newly industrialized economy such as Hong Kong may not face infinitely elastic demand for its manufactured goods. We also advance some reasons to explain why the `small country assumption' may not be applicable in the case of most industrialized economies. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Demand and supply elasticities Error-correction models Hong kong |
| URL | https://cepr.org/publications/dp671 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529828 |
| 推荐引用方式 GB/T 7714 | David Vines,Vito Antonio Muscatelli,T. G. Srinivasan. DP671 Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong Exports. 1992. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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