Estimation of Elasticities and Interpretation of Results

Robert Stern, Jonathan Francis and Bruce Schumacher

Chapter 1 in Price Elasticities in International Trade, 1976, pp 3-11 from Palgrave Macmillan

Abstract: Abstract Estimates of the response of imports and exports to price changes are interesting and important for a variety of purposes. On an aggregate level, the investigator or policy maker may wish to know what effects exchange-rate realignments may have on the trade balances of different countries. Or, put differently, the problem may be to determine the exchange-rate change required to eliminate a trade imbalance of a given size. Exchange-rate changes will also affect aggregate income and employment as a consequence of the expenditure shifts that occur and that result in the expansion or contraction of a country’s export and import-competing industries. To cope with issues like these, information on the relevant elasticities of demand and supply is necessary.

Keywords: Price Change; Demand Function; Price Elasticity; Trade Balance; Income Elasticity (search for similar items in EconPapers)
Date: 1976
References: Add references at CitEc
Citations:

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: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03137-5_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349031375

DOI: 10.1007/978-1-349-03137-5_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().