| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP717 |
| DP717 Estimates of Bilateral Trade Elasticities and Their Implications for the Modelling of `1992' | |
| L. Alan Winters; Paul Brenton | |
| 发表日期 | 1992-09-17 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | In this paper we use detailed trade and production data and a theoretically consistent model of demand - the Almost Ideal Demand System - to estimate bilateral trade elasticities, the key parameters required for quantification of the effects of the `1992' programme. Initial results for 70 West German manufacturing industries suggest that price elasticities are relatively low. The robustness of this result is assessed, firstly, using different data - for 15 Italian industries - and secondly, using a more restrictive form of the demand system, the CES model. In both these cases the earlier conclusions are reinforced. If the responsiveness to price changes is really as low as these results suggest the effects of `1992' may be quite different from that normally discussed. The impact of the programme will be felt most strongly in those industries currently subject to quantitative constraints. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Commercial paper Elasticities Estimation |
| URL | https://cepr.org/publications/dp717 |
| 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/529870 |
| 推荐引用方式 GB/T 7714 | L. Alan Winters,Paul Brenton. DP717 Estimates of Bilateral Trade Elasticities and Their Implications for the Modelling of `1992'. 1992. |
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