Elasticity, optimism and pessimism in international trade
Author | : Paul Streeten |
Publisher | : |
Total Pages | : 30 |
Release | : 1954 |
Genre | : |
ISBN | : |
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Author | : Paul Streeten |
Publisher | : |
Total Pages | : 30 |
Release | : 1954 |
Genre | : |
ISBN | : |
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 47 |
Release | : 2009-12-01 |
Genre | : Business & Economics |
ISBN | : 1451874243 |
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate substitutability is a weighted average of good-specific elasticities, which in general cannot be inferred from aggregated data. We identify structurally the substitutability in US goods using multilateral trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates. It is more than twice larger with sectoral heterogeneity. We discuss the implications in various areas of international economics.
Author | : Jean Imbs |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 45 |
Release | : 2009-12-01 |
Genre | : |
ISBN | : 9781451874242 |
In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate substitutability is a weighted average of good-specific elasticities, which in general cannot be inferred from aggregated data. We identify structurally the substitutability in US goods using multilateral trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates. It is more than twice larger with sectoral heterogeneity. We discuss the implications in various areas of international economics.
Author | : Fritz Machlup |
Publisher | : |
Total Pages | : 141 |
Release | : 1950 |
Genre | : Balance of trade |
ISBN | : |
Author | : Robert Mitchell Stern |
Publisher | : Trade Policy Research Centre |
Total Pages | : 392 |
Release | : 1976 |
Genre | : Business & Economics |
ISBN | : |
Author | : Robert M. Stern |
Publisher | : Springer |
Total Pages | : 373 |
Release | : 1976-06-18 |
Genre | : Business & Economics |
ISBN | : 1349031372 |
Author | : Giancarlo Gandolfo |
Publisher | : Springer Science & Business Media |
Total Pages | : 646 |
Release | : 2002-06-26 |
Genre | : Business & Economics |
ISBN | : 9783540434597 |
"This book deals with the financial side of international economics and covers all aspects of international finance. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, objectivity and rigor of the book." (Professor Jerome L. Stein, Brown University) From the reviews: "In this survey of international finance and open-economy macroeconomics, Gandolfo succeeds in meeting the needs of advanced undergraduate or lower-level graduate students through a largely textual and graphical approach, while at the same time presenting in the appendices explicit mathematical analyses for more advanced graduate students." (Journal of Banking & Finance 2004)
Author | : Fritz Machlup |
Publisher | : Routledge |
Total Pages | : 485 |
Release | : 2013-10-08 |
Genre | : Business & Economics |
ISBN | : 1136514228 |
Containing Fritz Machlup's papers on international finance spanning thirty years, this volume includes pieces translated into English for the first time. Focussing on the theme of the balance of payments, the work is structured as follows: Foreign Exchanges and Balance of Payments, The Effects of Devaluation, Gold and Foreign Reserves, Capital Movements and the Transfer Problem. An introduction to each section by the author is included.
Author | : John Somerset Chipman |
Publisher | : Edward Elgar Publishing |
Total Pages | : 376 |
Release | : 2008-01-01 |
Genre | : Business & Economics |
ISBN | : 9781781959527 |
John Chipman is one of the most esteemed economists working in international trade theory. Presented in two volumes, this work presents Chipman's survey articles on the theory of international trade. The papers explore the evolution of thought from classical to new-classical and on to modern theory.
Author | : Robert Mitchell Stern |
Publisher | : Macmillan of Canada : Maclean-Hunter Press |
Total Pages | : 392 |
Release | : 1976 |
Genre | : Business & Economics |
ISBN | : |