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Demand and Supply of Aggregate Exports of Goods and Services: Multivariate Cointegration Analyses for the United States, Canada, and Germany

Demand and Supply of Aggregate Exports of Goods and Services: Multivariate Cointegration Analyses for the United States, Canada, and Germany

Hardcover

Series: Kieler Studien - Kiel Studies, Book 329

EconomicsInvesting & Finance

ISBN10: 3540222944
ISBN13: 9783540222941
Publisher: Springer
Published: Nov 22 2004
Pages: 246
Weight: 1.20
Height: 0.63 Width: 6.14 Depth: 9.21
Language: English
In this book export demand and supply are modeled simultaneously using a new proxy for globalization. Empirical estimates for the United States, Canada, and Germany show that the countries differ as to the price elasticities of demand and supply and the effects of globalization. However, the elasticity of exports to world production equals unity throughout, which is in line with constant returns to scale, but lower than the values found in previous studies that do not distinguish between growth and globalization.

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Economics