EconPapers    
Economics at your fingertips  
 

Modelling export and import demand functions: the Spanish case

Coral García (), Esther Gordo (), Jaime Martinez-Martin () and Patrocinio Tello ()
Additional contact information
Coral García: Banco de España
Patrocinio Tello: Banco de España

No 905, Occasional Papers from Banco de España

Abstract: During the last decades the exchange trade in Spain overseas has experienced a major boost, firstly related to European market integration and, recently, to the worldwide globalization process, whereby huge exporters (i.e. China or India) have raised to the new international scene and the development of services’ international exchange both played a key role. These changes make the analysis of the conditioning main factors for explaining the evolution of exchange trade flows in Spain by means of econometric models especially hard, since they seldom may approach the special features of the long term under consideration. The aim of this paper is showing the results obtained once traditional demand functions for imports and exports of goods and services for the Spanish economy – quarterly series from National Accounts for the period 1980-2006 – were re-estimated. Besides, within goods’ flows based on home and host’s Euro Area exports and imports, on one hand, and worldwide, on the other, are taken into consideration in order to prove whether trade flows’ determinants may vary across host markets where goods are exchanged. The estimated equations allow us identifying whether traditional determinants on trade flows abroad have suffered relevant changes and how they have contributed in explaining the evolution of the period 1980-2008.

Keywords: Spanish Economy; Macroeconometric Model; International Trade (search for similar items in EconPapers)
JEL-codes: C53 F17 F47 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2009-12
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.bde.es/f/webbde/SES/Secciones/Publicaci ... es/09/Fic/do0905.pdf First Spanish version, December 2009 (application/pdf)

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:bde:opaper:0905

Access Statistics for this paper

More papers in Occasional Papers from Banco de España Contact information at EDIRC.
Bibliographic data for series maintained by María Beiro. Electronic Dissemination of Information Unit. Research Department. Banco de España ().

 
Page updated 2023-02-06
Handle: RePEc:bde:opaper:0905