Die Preisbildung im westdeutschen Außenhandel: Eine empirische Analyse

Malte Fischer

No 782, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: Which factors determine the prices of West German expörts and imports? To answer this question, two single equation error correction modeis are applied. Export prices turn out to be mainly determined by prices for concurrent goods proiduced abroad, whereas unit labor costs and the nominal exchange-rate of the D-Mark only have minor impacts on export prices. Import prices are significantly influenced by producer prices abroad, domestic prices for import substitutes, the nominal exchange-rate of the D-Mark and - to a smaller degree - by commodity prices. The modeis are fmally used to simulate the reaction of export and import prices to changes of the exogenous variables.

Keywords: International Trade; Time-Series Models; Simulations (search for similar items in EconPapers)
JEL-codes: C22 F17 (search for similar items in EconPapers)
Date: 1996
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:782

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