scholarly journals SHORT-TERM IMPORT DEMAND ELASTICITIES: THE CASE OF HUNGARY

Author(s):  
Ivan Novak
Author(s):  
Alessandro Nicita ◽  
Hiau Looi Kee ◽  
Marcelo Olarreaga

2014 ◽  
Vol 104 (5) ◽  
pp. 298-303 ◽  
Author(s):  
Monika Mrázová ◽  
J. Peter Neary

We show that relaxing the assumption of CES preferences in monopolistic competition has surprising implications when trade is restricted. Integrated and segmented markets behave differently, the latter typically exhibiting reciprocal dumping. Globalization and lower trade costs have different effects. The former reduces spending on all existing varieties, the latter switches spending from home to imported varieties; when demands are less convex than CES, globalization raises whereas lower trade costs reduce firm output. Finally, calibrating gains from trade is harder. Many more parameters are needed, while import demand elasticities typically overestimate the true elasticities, and so underestimate the gains from trade.


2003 ◽  
Vol 9 (3) ◽  
pp. 252-252
Author(s):  
Emmanuel Anoruo ◽  
Solomon Usianeneh

Subject Economic challenges. Significance In the first quarter, Ecuador’s economy grew at its weakest pace since the 2016 recession. The government is facing significant challenges in implementing a recently agreed IMF programme, while President Lenin Moreno’s popularity has plummeted following unpopular, but arguably necessary, spending cuts. Impacts Dollar appreciation and a tightening of global financing conditions would weaken Ecuador’s competitiveness. Short-term, the current account deficit will narrow, as rising oil prices support export growth and the slowdown weighs on import demand. Moreno’s diminishing popularity will exacerbate uncertainty around implementation of the IMF programme.


2007 ◽  
Vol 42 (3) ◽  
pp. 40-58
Author(s):  
Pralay Hazra ◽  
Smita Sirohi

The Asian countries are the major destinations for the Indian dairy exports. The buoyancy in import demand of dairy products in Asian countries due to growing size of their markets resulting from population growth and changing food preferences, offers opportunities for Indian dairy industry to increase their exports. This paper examines export trends of India's dairy products in Asian markets, analyzes the import demand and relative price elasticity of the Indian dairy exports and presents short-term export forecast in select Asian destinations. The analysis is based on HS 4- and 8-digit level data of the India's export to 40 Asian countries during 1991-2004. The results indicate that although presently India is a minor player in Asian markets and exports are moderately to highly instable in most of the destinations, the potential exports can increase substantially.


2021 ◽  
Vol 13 (11) ◽  
pp. 6030
Author(s):  
Paul Rougieux ◽  
Ragnar Jonsson

The EU Timber Regulation (EUTR) is a key element in the efforts of the European Union to curb the trade in illegal timber products. This study helps to remedy the lack of systematic, statistical analysis of the EUTR’s potential impacts on international trade in timber products. Using cointegration intervention—or shock—models we quantify potential shifts in import prices and quantities of tropical hardwood lumber and oak lumber after the entry into effect of the EUTR. We further estimate import demand models to assess the relation between temperate and tropical hardwood products and whether there was a structural change in demand elasticities after the entry into force of the EUTR. The shock model analysis indicates, for most of the bilateral trade flows where we observe cointegration and a significant shock variable, increasing import prices and decreasing import quantities of tropical hardwood lumber following the EUTR start date, consistent with a contraction of the supply of tropical timber. The results of the import demand models do not give a clear indication as to whether oak lumber is a complementary or substitute product for tropical hardwood lumber, and there are no clear signs of structural changes in demand elasticities. Aside from the analysis, an important contribution of the paper is the procedure for building a long and homogeneous time series of tropical hardwood lumber.


1998 ◽  
Vol 30 (1) ◽  
pp. 217-223 ◽  
Author(s):  
Jeffrey A. Michael

AbstractThe quantity of paper recycled in the U.S. has more than doubled since 1985. International trade theory predicts that this will lead to reduced imports of paper, and a shift in domestic production toward waste paper intensive outputs (e.g., newsprint) and away from higher grade products such as printing/writing paper. Import demand elasticities with respect to input prices were estimated for newsprint, printing/writing, and all paper utilizing 20 years of monthly data. The empirical results confirm the predictions of theory, and illustrate a channel through which recycling may be more beneficial for U.S. industry than the domestic environment.


2008 ◽  
Vol 90 (4) ◽  
pp. 666-682 ◽  
Author(s):  
Hiau Looi Kee ◽  
Alessandro Nicita ◽  
Marcelo Olarreaga

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