EconPapers    
Economics at your fingertips  
 

Modelling Small Economy Exports: The Case of Singapore

Tilak Abeysinghe () and Keen Meng Choy ()

SCAPE Policy Research Working Paper Series from National University of Singapore, Department of Economics, SCAPE

Abstract: This paper sheds further light on the debate spearheaded by Riedel (1988) on the specification of a small country export function. The theoretical and empirical analyses in the paper show that while the price-taker assumption cannot be rejected, the export function for Singapore should not be construed as a standard export supply equation. As argued by Kapur (1983) instead, it is an export function with both demand and supply factors playing a role. We arrived at the final model specification by taking into consideration changes in the import content of exports over time. The paper also provides a new methodology for deriving a quarterly series of manufacturing net capital stock.

Keywords: price taker; demand constraint; export function; import content; restricted cointegrating space (search for similar items in EconPapers)
JEL-codes: C32 F14 F41 (search for similar items in EconPapers)
Date: 2005-04
New Economics Papers: this item is included in nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.fas.nus.edu.sg/ecs/pub/wp-scape/0501.pdf (application/pdf)

Related works:
Working Paper: Modelling Small Economy Exports: The Case of Singapore (2005) Downloads
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:sca:scaewp:0501

Access Statistics for this paper

More papers in SCAPE Policy Research Working Paper Series from National University of Singapore, Department of Economics, SCAPE Contact information at EDIRC.
Bibliographic data for series maintained by (). This e-mail address is bad, please contact .

 
Page updated 2020-03-29
Handle: RePEc:sca:scaewp:0501