The Demand for LDC Exports of Manufactures: Estimates from Hong Kong

Abstract

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Developing Country Exports of Manufactures: Moving Up the Ladder to Escape the Fallacy of Composition?

“…Thus, developing country exporters of manufactures are alleged to face an 'adding up constraint', which limits the potential gains from this development strategy. Although many economists (for example, Riedel, 1988;Balassa, 1989) have dismissed such concerns in the past, the emergence of China as a major global exporter and the growing number of developing countries seeking to expand manufactured exports (for example, through preferential and multilateral trade agreements) have revived interest in this topic among both economists (for example, Lall, 2004;Kaplinsky, 2005) and policy makers.…”

Trade Restrictions in Brazil : Who Pays the Price?

“…Harrison et al (2004) study the effects on the Brazilian economy of different policy options under the Mercosur trade negotiations using significantly higher elasticities. Their choice of elasticities finds some support in the estimates of Riedel (1988) and Athukorala and Riedel (1994) and produces results for terms of trade changes that are closer to the results of Chang and Winters (2002). 10 At the same time, Harrison et al (2004) focus on a long adjustment period of about 10 years, while in this study, the time horizon for the adjustment to policy shocks is assumed to be about three to five years.…”

Is there persistence in the growth of manufactured exports? Evidence from newly industrializing countries

“…3 Riedel (1988a) has argued that the results are substantially different when, in contrast to the procedure adopted here, price is used as the dependent variable and export volume is the independent variable. Muscatelli, Srinivasan, and Vines (1992) show, however, that the normalization (or the choice of the dependent variable) does not matter once serial correlation and endogeneity are accounted for.…”