Bilateral and regional trade elasticities of the EU

Ketenci, Natalya; Uz, Idil

doi:10.1007/s00181-010-0365-8

Cited by 21 publications

(9 citation statements)

References 33 publications

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“…In this, we follow the choice made by Hamori and Yin (2011), Ketenci and Uz (2011), Hamori and Matsubayashi (2009), Caporale and Chui (1999), Senhadji and Montenegro (1999), Bahmani-Oskooee and Niroomand (1998), Sawyer and Sprinkle (1996) and Thorbecke (2011 , where CPI it is the consumer price index of domestic goods and services in country i at time t and CPI RoW,t is the corresponding index for the rest of the world. The nominal exchange rate E it is the domestic currency price of one unit of foreign currency.…”

Section: Empirical Setting and Datamentioning

confidence: 99%

“…1 As the economic model from which the foreign demand originates is well-known, the system of eight equations proposed by Goldstein and Khan (1985) is not displayed in the present study. In this, we follow the choice made by Hamori and Yin (2011), Ketenci and Uz (2011), Hamori and Matsubayashi (2009), Caporale and Chui (1999), Senhadji and Montenegro (1999), Bahmani-Oskooee and Niroomand (1998), Sawyer and Sprinkle (1996) and Thorbecke (2011). 2 The real exchange rate is , where CPI it is the consumer price index of domestic goods and services in country i at time t and CPI RoW,t is the corresponding index for the rest of the world.…”

Section: Introductionmentioning

confidence: 99%

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New Evidence on Export Price Elasticity from China and Six OECD Countries

Aiello

Bonanno

Via

2015

China and World Economy

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This paper provides new evidence on export price elasticities by analyzing the cases of China, France, Germany, Italy, Japan, UK and the USA over the period 1990 -2012. Estimates have been made using panel data techniques for non-stationary data. After demonstrating that long-run relationships are stable to any structural break, it is found that exports are significantly determined by foreign demand, with long-run income elasticity significantly higher than unity for China, Japan, Germany, the UK and the USA. Conversely, exports are price inelastic for most of the countries in the sample, in both the long run and the short run. The exception is France, whose export price elasticity is lower (higher) than unity in the short run (long run).

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Section: Empirical Setting and Datamentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

New Evidence on Export Price Elasticity from China and Six OECD Countries

Aiello

Bonanno

Via

2015

China and World Economy

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“…3 As the economic model from which the foreign demand originates is well-known, we omit to present the system of eight equations proposed by Goldstein and Khan (1985). In this we follow Hamori and Yin (2011), Ketenci and Uz (2011), Shigeyuki and Yoichi (2009), Caporale and Chui (1999), Senhadji and Montenegro (1999), Bahmani-Oskooee and Niroomand (1998), Sawyer and Sprinkle (1996), Thorbecke (2011).…”

Section: Literature Reviewmentioning

confidence: 92%

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

2015

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“…it is not necessary to perform pre-testing for the existence of problems of the standard deviation; it is not necessary to operate a unit root test in the model, which means that it can be applied regardless of the fact of whether the regressors in the model are stationary, nonstationary or mutually cointegrated etc. (Pesaran et al, 2001;Pahlavani et al, 2005;Ketenci and Uz, 2011;Kurtovic et al, 2016).…”

Section: Methodsmentioning

confidence: 99%

The Effect of Depreciation of the Exchange Rate on the Trade Balance of Albania

Kurtović

2017

Review of Economic Perspectives

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Almost all countries face the problems of trade balance, although they are more inherent in developing countries and economies in transition. A majority of economists adheres to a common opinion real depreciation may lead to an improvement of the trade balance. That said, countries encountering trade balance issues use real exchange rate depreciation in order to improve the trade balance situation. Albania belongs to the group of transition countries that has been facing negative trade balance over last two decades. National currency devaluations of the lek (ALL) have been used by Albania to improve its trade balance. Therefore, this paper intends to investigate the effect of the real effective exchange rate depreciation of the ALL on the trade balance of Albania using quarterly data from 1994 to 2015. Bounds testing cointegration approach, vector error correction model (VECM) and impulse response were used for empirical analysis. The results of the study show that there exists a long-term cointegration between the real effective exchange rate depreciation and the trade balance. Specifically, real effective exchange rate depreciation positively affects the trade balance of Albania in both the long-run and short-run indicating the weak presence of the J-curve effect. Important recommendations were derived from the results.

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Bilateral and regional trade elasticities of the EU

Abstract: Bilateral trade elasticities, J-curve, Cointegration, Stability tests, European Union, F14, F31, F43,

Cited by 21 publications

References 33 publications

New Evidence on Export Price Elasticity from China and Six OECD Countries

New Evidence on Export Price Elasticity from China and Six OECD Countries

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

The Effect of Depreciation of the Exchange Rate on the Trade Balance of Albania

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