ESTIMATING EXPORT EQUATIONS
B. Rao and
Macroeconomics from EconWPA
Accurate estimates of the price and income elasticities of exports are valuable for growth policies based on trade promotion. However, not sufficient attention seems to have been paid to the specification of the relative price variable in some influential empirical works. This paper estimates the export equation for Fiji to show that inappropriate specification of the relative price variable may give under estimates of the price elasticity and over estimates of the income elasticity.
Keywords: Exports; Price and Income Elasticities; Export-lead Growth Policy. (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int and nep-mac
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Journal Article: Estimating export equations (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0511015
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