Economics at your fingertips  

The Consequences of Mrs. Thatcher for U.K. Manufacturing Exports

Michael Landesmann () and Andy Snell ()

Economic Journal, 1989, vol. 99, issue 394, 1-27

Abstract: This article sets out to study whether the dramatic events that took place in the U.K. economy since 1979 can be shown to have had any effects on certain crucial parameters that determine the export performance of the U.K. manufacturing sector. A number of export models are examined over the post-1979 period and all reveal a certain amount of systematic parameter variation. In particular, estimates of the world income elasticity of demand for U.K. manufacturing exports show an upward drift. When this drift is explicitly modeled using a spline function approach to allow time varying parameters, the data do not reject the hypothesis that this income elasticity has risen from its traditional postwar value of around 0.7 to around unity in 1986. This model is applied to explain export performance of both aggregate U.K. manufacturing, as well as of individual manufacturing industries. Copyright 1989 by Royal Economic Society.

Date: 1989
References: Add references at CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.blackwell ... al.asp?ref=0013-0133

Access Statistics for this article

Economic Journal is currently edited by Martin Cripps, Steve Machin, Woulter den Haan, Andrea Galeotti, Rachel Griffith and Frederic Vermeulen

More articles in Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing ().

Page updated 2019-08-20
Handle: RePEc:ecj:econjl:v:99:y:1989:i:394:p:1-27