| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP707 |
| DP707 Macroeconomic Import Functions with Imperfect Competition. An Application to the EC Trade | |
| Joaquim Oliveira Martins; Joel Toujas-Bernate | |
| 发表日期 | 1992-07-25 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | This paper analyses the consequences for the standard import allocation models of assuming monopolistic competition on the supply side. Together with relative prices, this requires additional variables to capture product differentiation effects. To this end, we derive a composite price index from a nested CES-translog demand system. Our empirical work is twofold: first, we try to assess the long-term relationship between market shares and relative prices by using a cointegration technique, and second, we estimate the demand system for domestic, European and foreign products in the main European markets. The results show that a composite price index, integrating product differentiation, tends to perform better than pure price effects alone in a significant number of cases. We use the estimation results to assess the impact of a potential homogenization of tastes over European markets, after the `1992' integration process. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Ec trade Import equations market integration Product differentiation Translog-ces demand system |
| URL | https://cepr.org/publications/dp707 |
| 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/529843 |
| 推荐引用方式 GB/T 7714 | Joaquim Oliveira Martins,Joel Toujas-Bernate. DP707 Macroeconomic Import Functions with Imperfect Competition. An Application to the EC Trade. 1992. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
