Elasticidades de demanda de bienes exportados por Argentina

Demand elasticities of goods exported by Argentina

Luis Frank

MPRA Paper from University Library of Munich, Germany

Abstract: The report presents a first estimate of the demand elasticities for Argentine exports at the item level. Elasticities were estimated using error correction models (ECM) or autoregressive distributed lag processes (ARDL). The results show that the demand for most goods is explained, in addition to their own (international) price, by the evolution of the bilateral real exchange rate (TCRB) with Brazil and Brazil's GDP. In both demand functions, the REER operates as the price of substitute or complementary goods. When the demand for goods could not be associated with the income of a particular trading partner, this component was explained by means of a global income index. And when the TCRB with Brazil did not operate as a proxy for the price of substitute or complementary goods, it was replaced by a general price index of Argentine exposures under the assumption that the entire export basket contains substitute or complementary goods for that particular item. At the end of the report, a final adjustment procedure of the elasticities estimated by ECM or ARDL was proposed in order to guarantee that certain restrictions imposed by economic theory are satisfied.

Keywords: export elasticities; foreign trade; error correction model; autogressive model of distributed lags (search for similar items in EconPapers)
JEL-codes: F14 (search for similar items in EconPapers)
Date: 2022-05-13
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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