EXPORTS AND IMPORTS, IS THERE SIMULTANEITY? A STRUCTURAL MODEL FOR SUPERTRADING ECONOMIES

RAÚL Sà Nchez-Larriã“n, María Arrazola and Jos㉠de Hevia
Additional contact information
RAÚL Sà Nchez-Larriã“n: Universidad Rey Juan Carlos, Paseo Artilleros s/n 28032 Madrid, Spain
Jos㉠de Hevia: Universidad Rey Juan Carlos, Paseo Artilleros s/n 28032 Madrid, Spain

The Singapore Economic Review (SER), 2022, vol. 67, issue 04, 1545-1559

Abstract: The determining of exports and imports independently, which is a common assumption in the literature, may be over restrictive for extremely open economies. As an alternative, this study proposes and estimates structural models for the simultaneous determination of trade flows in three extremely open economies (Ireland, Belgium and Singapore). It confirms the existence of an interrelation between exports and imports and, as a result, the existence of a bias in the estimates of trade elasticities when the interrelation is not taken into account.

Keywords: Trade elasticities; imports; exports; simultaneous equation models (search for similar items in EconPapers)
JEL-codes: F12 F14 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590819500577
Access to full text is restricted to subscribers

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: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:67:y:2022:i:04:n:s0217590819500577

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217590819500577

Access Statistics for this article

The Singapore Economic Review (SER) is currently edited by Euston Quah

More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().