Bilateral Trade Elasticities
Bilateral Trade Elasticities
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双边贸易弹性
DOI：
10.2307/2109741
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发表时间：
1990
期刊：
影响因子：
--
通讯作者：
Jaime R. Marquez
中科院分区：
文献类型：
--
作者：
Jaime R. Marquez
本文估计了双边世界贸易的收入和价格弹性。除了测试的误差项，动态规格，和参数恒定性的假设的属性，分析提出了银行频谱估计的所有国家的双边贸易流量的第一个应用程序。本文发现，双边贸易弹性表现出足够的分散，表明贸易的方向是敏感的收入和价格的变化。使用双边弹性作为原始数据，分析获得了相关的多边估计，并发现它们都是与文献相一致的，适合于解决涉及多边贸易的问题。但证据也表明，仅仅依赖多边弹性掩盖了对政策应用和国际贸易实证分析的宝贵信息。版权所有1990年由麻省理工学院出版社。
This paper estimates income and price elasticities for bilateral world trade. In addition to testing the properties of the error terms, the dynamic specification, and the assumption of parameter constancy, the analysis presents the first application of the Bank Spectrum estimator to bilateral trade flows for all countries. The paper finds that bilateral trade elasticities exhibit enough of a dispersion to suggest that the direction of trade is sensitive to changes in income and prices. Using the bilateral elasticities as raw data, the analysis obtains the associated multilateral estimates and finds that they are both consistent with the literature and suitable to addressing questions involving multilateral trade. But the evidence also reveals that sole reliance on multilateral elasticities conceals valuable information for both policy applications and empirical analyses of international trade. Copyright 1990 by MIT Press.