IMPORTED INPUTS, DEVALUATION AND BALANCE OF PAYMENTS A KEYNESIAN MACRO-APPROACH.
In this paper, we have derived the expression for dB<SUBf>/<SUBdr> when part of the imports are used as intermediate goods under the assumption of Cobb-Douglas production function. Assuming we start with total import equal to total export, (-1 -Em,p>) > 0 remains to be the condition for dB<SUBf>/dr...
| Publicado en: | Southern Economic Journal Vol. 43; no. 2; pp. 1106 - 1112 |
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| Formato: | Artículo |
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Wiley-Blackwell
Oct76
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4629936&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4629936 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Oct76 vid: 43 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 4629936 10.2307/1057335 ppf: 1106 ppct: 6 formats: tig: atl: IMPORTED INPUTS, DEVALUATION AND BALANCE OF PAYMENTS A KEYNESIAN MACRO-APPROACH. aug: au: Koon-Lam Shea su: Imports Intermediate goods Production functions (Economic theory) sug: subj: Imports Intermediate goods Production functions (Economic theory) ab: In this paper, we have derived the expression for dB<SUBf>/<SUBdr> when part of the imports are used as intermediate goods under the assumption of Cobb-Douglas production function. Assuming we start with total import equal to total export, (-1 -Em,p>) > 0 remains to be the condition for dB<SUBf>/dr > 0, whether we have imported inputs or not. According to the empirical results, most countries satisfy this condition. A qualification of our result is that since our imports composed of two parts, the traditional regression of total imports on real income and relative prices may suffer from specification error. The ideal method is to regress the import demand function for final consumption alone as indicated at the end of the last section. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1976 holdings: @attributes: islocal: N |
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