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4 edition of Estimating elasticities for U.S. trade in services found in the catalog.

Estimating elasticities for U.S. trade in services

Jaime R. Marquez

Estimating elasticities for U.S. trade in services

by Jaime R. Marquez

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  • 22 Currently reading

Published by Federal Reserve Board in Washington, D.C .
Written in English


Edition Notes

Other titlesEstimating elasticities for US trade in services
StatementJaime Marquez.
SeriesInternational finance discussion papers ;, no. 836, International finance discussion papers (Online) ;, no. 836.
Classifications
LC ClassificationsHG3879
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3479219M
LC Control Number2005620353

Trade Diversion and the Initiation Effect: A Case Study of U.S. Trade Remedies in Agriculture (NBER Working Paper No. ) Carter and Steinbach estimate the impact of U.S. trade remedy (TR) actions on agricultural trade from to Most previous studies of the effects of TR actions have left out agricultural products. The United States International Trade Commission is an independent, nonpartisan, quasi-judicial federal agency that fulfills a range of trade-related mandates. We provide high-quality, leading-edge analysis of international trade issues to the President and the Congress. The Commission is a highly regarded forum for the adjudication of intellectual property and trade disputes.

ratios imply high elasticities (a point made by Erkel-Rousse and Mirza). Another example of evidence for higher trade elasticities is found in Riedel (). Although Riedel does not directly estimate Armington elasticities, his estimation of Hong Kong’s export-demand elasticity has been cited as evidence that Armington elasticities are likely. Trade Elasticities Jean Imbsy Isabelle Mejeanz Abstract Conventional aggregate trade elasticity estimates hardly vary across countries. We intro-duce an aggregate elasticity that is implied by theory: It is the value that equates the welfare gains from trade as implied by one- and multi-sector versions of the model in Arkolakis et al. ().

International Finance Discussion Papers Estimating Elasticities for U.S. Trade in Services (Paperback) by Jaime Marquez Paperback, 46 Pages, Published by Bibliogov ISBN , ISBN: Services trade received a further boost when India became signatory to the World Trade Organization (WTO) in This article aims to estimate the income and price elasticities of India’s services trade during the post-WTO period, using the autoregressive distributed lag (ARDL) approach to cointegration, for the time period starting from.


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Estimating elasticities for U.S. trade in services by Jaime R. Marquez Download PDF EPUB FB2

Title: Estimating Elasticities for U.S. Trade in Services Author: Jaime Marquez Created Date: 7/27/ PM.

Specifically, I estimate income and price elasticities for U.S. trade in services and evaluate the importance of simultaneity and aggregation biases. The analysis reveals two findings. First, the income elasticity for U.S.

exports of services is significantly greater than the income elasticity for U.S. imports of by: 7. Specifically, I estimate income and price elasticities for U.S. Estimating elasticities for U.S. trade in services book in services and evaluate the importance of simultaneity and aggregation biases.

The analysis reveals two findings. First, the income elasticity for U.S. exports of services is significantly greater than the income elasticity for U.S. imports of by: 7. Marquez () estimated the income and price elasticities for US trade in services in particular, and evaluated the importance of aggregation and simultaneity biases.

He estimated the trade Author: Jaime Marquez. The essays in Estimating Trade Elasticities book offer one practical approach to deal with this tension. The analysis starts with the practical implications of optimising behaviour for estimation and it follows with a re-examination of the puzzling income elasticity for US imports that three decades of studies have not : Springer US.

Specifically, I estimate income and price elasticities for U.S. trade in services and evaluate the importance of simultaneity and aggregation biases. The analysis reveals two findings.

The essays in Estimating Trade Elasticities book offer one practical approach to deal with this tension. The analysis starts with the practical implications of optimising behaviour for estimation and it follows with a re-examination of the puzzling income elasticity for US imports that three decades of studies have not resolved.

This paper introduces a new methodology for the estimation of demand trade elasticities based on an import intensity-adjusted measure of aggregate demand, with the foundation of a stylized theoretical model.

We compute the import intensity of demand. Trade elasticities are given by weighted averages of sector-speci c elasticities of substitution, that we estimate structurally. Both weights and substitu- tion elasticities can be chosen to compute the response of trade to speci c shocks to relative prices, bilateral or global.

VOL. 5 NO. 3 BuSSIrE ET AL.: ESTIMATING TrADE ELASTICITIES the global recession triggered by this crisis was a sharp contraction in world trade that reached its peak between the end of and the beginning of Inglobal trade fell by more than.

In a demand system with conventional CES preferences, the price elasticitites of aggregate trade ⁄ows are weighted averages of sector-speci–c elasticities of substitution.

We describe a methodology that can be used to estimate country-speci–c values for the price elasticities of aggregate imports and exports. ABSTRACTThe computable general equilibrium (CGE) model is often used to analyse the effects of policy changes because of its ability to capture multi-sectoral inter-linkages within the economy.

The results of a CGE analysis largely depend on the database, policy shock and elasticities. Trade elasticities, such as the Armington elasticities, play a central role in CGE models to determine the.

In this paper, we present import demand elasticities estimated for countries over 5, products at the six-digit level of the Harmonised System. Following the semiflexible translog GDP function approach proposed by Kee et al. (), we estimate unilateral import demand elasticities for. Specifically, I estimate income and price elasticities for U.S.

trade in services and evaluate the importance of simultaneity and aggregation biases. The analysis reveals two findings. First, the income elasticity for U.S. exports of services is significantly greater than the income elasticity for U.S.

imports of services. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): NOTE: International Finance Discussion Papers are preliminary materials circulated to stimulate discussion and critical comment.

References in publications to International Finance Discussion Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the.

This database is no longer being updated. The Commodity and Food Elasticities Database is a collection of elasticities from research on consumer demand published in working papers, dissertations, and peer-reviewed journals and as presented at professional conferences in the United States.

Most of the literature is from U.S. academic and government research. Abstract. I use the automated search algorithm to address practical issues that arise in estimating income and price elasticities for U.S.

trade in services: specification of dynamics, specification of the search strategy, simultaneity biases, and aggregation biases. With the new estimates of trade elasticities, the book examines how they assist in restoring the consistency between elasticity estimates and the world trade identity." "Estimating Trade Elasticities will be of interest to economists working in predicting the evolution of.

trade elasticities and the research propositions are given in section 3 while a summary, some conclusions and the research agenda are presented in the final sections.

TRADE ELASTICITIES Trade elasticities measure the responsiveness of demand or. With introduction of new estimation techniques, old theories receive a renewed attention and on this regard, trade elasticities are no exception. In this paper we employ a new cointegration technique, i.e., ARDL approach to cointegration that does not require pre-testing for unit root and estimate income and price elasticities of import and.

"Estimating elasticities for U.S. trade in services," International Finance Discussion PapersBoard of Governors of the Federal Reserve System (U.S.), revised Catherine L. Mann, " Perspectives on the U.S. Current Account Deficit and Sustainability," Journal of Economic Perspectives, American Economic Association, vol.

16(3. WORLD TRADE ELASTICITIES. The import demand elasticities presented below are described in detail in Broda and Weinstein (). We report 3-digit elasticities for 73 countries in the world (see list below). We used 6-digit HS import data ( classification system) from the COMTRADE database from - to estimate these elasticities.Estimating Trade Elasticities: Demand Composition and the Trade Collapse of Matthieu Bussière, Giovanni Callegari, Fabio Ghironi, Giulia Sestieri, and Norihiko Yamano NBER Working Paper No.

December JEL No. F10,F15,F17,F4 ABSTRACT This paper introduces a new methodology for the estimation of demand trade elasticities based on.