THE DEMAND FUNCTION FOR INDUSTRIAL EXPORTS: A CROSS-COUNTRY ANALYSIS.
The article evaluates for differences in individual countries' export performances. An empirical test by examining export records of major industrial countries over the 1955-1970 period through estimating a cross-country export demand function is presented. The domestic factors are a particularly im...
| Publicado en: | Review of Economics & Statistics Vol. 59; no. 4; pp. 456 - 465 |
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| Formato: | Artículo |
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MIT Press
Nov77
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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=4643830&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4643830 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346535 RMS jtl: Review of Economics & Statistics issn: 00346535 maglogo: N pubinfo: dt: Nov77 vid: 59 iid: 4 pid: 776 pub: MIT Press artinfo: ui: 4643830 10.2307/1928710 ppf: 456 ppct: 9 formats: tig: atl: THE DEMAND FUNCTION FOR INDUSTRIAL EXPORTS: A CROSS-COUNTRY ANALYSIS. aug: au: Soto, Kazuo su: Demand function International trade Exports Economic demand Income Estimation theory Industrialization Balance of trade sug: subj: Demand function International trade Exports Economic demand Income Estimation theory Industrialization Balance of trade ab: The article evaluates for differences in individual countries' export performances. An empirical test by examining export records of major industrial countries over the 1955-1970 period through estimating a cross-country export demand function is presented. The domestic factors are a particularly important determinant of export demand. It is emphasized that the omission of these factors from the export demand function can make trade projections err and, consequently, lead to wrong policy prescriptions. Provided that the non-price factors are correlated with domestic growth factors, a country growing faster than others can expand its exports faster at a commensurately higher rate. Export growth responded disproportionately to domestic industrial growth in the period under study. Fast-growing countries gained and slow-growing countries lost in price and/or non-price competitiveness both as exporters and importers. The former thus tended to develop trade surpluses while the latter suffered from persistent trade deficits. The balance of trade proved to be divergent rather than convergent. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1977 holdings: @attributes: islocal: N |
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