Again on trade elasticities: evidence from a selected sample of countries

被引：3

作者：

Aiello F. ^{[1
]}

Bonanno G. ^{[1
,2
]}

Via A. ^{[3
]}

机构：

[1] Department of Economics, Statistics and Finance, University of Calabria, Arcavacata di Rende

[2] Royal Docks Business School, University of East London, Docklands Campus 4-6 University Way, London

[3] Liaison Office, University of Calabria, Arcavacata di Rende

来源：

Eurasian Business Review | 2015年 / 5卷 / 2期

关键词：

Global trade imbalances; Panel data; Trade elasticities;

D O I：

10.1007/s40821-015-0026-0

中图分类号：

学科分类号：

摘要：

This paper focuses on trade elasticities by analysing the case of China, France, Germany, Italy, Japan, UK, and the USA over the period 1990–2012. While the empirical setting mainly refers to panel data techniques for non-stationary data, the VECM model complements the analysis at single-country level. After having shown that long-run relationships are stable to any structural break, it is found that exports and imports are price inelastic for most of the countries in the sample. Furthermore, exports and imports are determined by domestic and foreign income, with asymmetric income elasticities. This helps to explain why global trade imbalances are persistent. © 2015, Eurasia Business and Economics Society.

引用

页码：259 / 287

页数：28

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