Demand and Supply of Aggregate Exports of Goods and Services

Multivariate Cointegration Analyses for the United States, Canada, and Germany

AvHubert Strauß

Inbunden, Engelska, 2004

Del 329 i serien Kieler Studien - Kiel Studies

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Beskrivning

In this book export demand and supply are modeled simultaneously using a new proxy for globalization. Empirical estimates for the United States, Canada, and Germany show that the countries differ as to the price elasticities of demand and supply and the effects of globalization. However, the elasticity of exports to world production equals unity throughout, which is in line with constant returns to scale, but lower than the values found in previous studies that do not distinguish between growth and globalization.

Produktinformation

Utgivningsdatum:2004-11-22
Mått:155 x 235 x 19 mm
Vikt:565 g
Format:Inbunden
Språk:Engelska
Serie:Kieler Studien - Kiel Studies
Antal sidor:246
Upplaga:2004
Förlag:Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN:9783540222941

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Recensioner i media

From the reviews: "Writing a book on aggregate exports may be a risky business, as this is a field that has been widely explored. ... The empirical completeness, in terms of both coverage and depth, is the most valuable contribution made by the book. ... This is particularly helpful for those who are not that fluent in time series econometrics and would like to learn more about its application. For those that are interested in cross-country comparison studies, this book is also a good example." (Sizhong Sun, Economic Record, March, 2007)

Innehållsförteckning

The Estimation of Aggregate Exports: New Questions in a Seemingly Explored Field.- Theoretical Foundations of the Supply of and Demand for Aggregate Exports.- Overview of the Empirical Literature on Aggregate Exports.- Time Series and Their Properties.- The Long-Run Structure of the Aggregate Export System.- The Partial Models: Estimation, Stability Analysis, and Dynamic Adjustment.- Modeling Germany`s Exports in a Single-Equation Error Correction Model.- Summary, Conclusions, and Policy Implications.