Browsing by Author Morris Goldstein

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  • Authors: Morris Goldstein (1978)

  • The primary purpose of this study is to investigate the price responsiveness of both export demand and export supply using quarterly data on the aggregate exports of eight industrial countries for the period 1955-1970. Two relatively simple models of export demand and supply are introduced and these models are then estimated simultaneously so as to eliminate any bias arising from the two-way relationship between export quantities and export prices

  • BB.2123_The Supply and Demand for Exports A Simultaneous Approach.pdf.jpg
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  • Authors: Morris Goldstein (1978)

  • In the relatively few cases where a supply function for exports has actually been speci fied,2 it has usually not been possible to obtain an estimate of the supply price elasticity either because the relevant structural parameters could not be recaptured from the reduced-form estimating equation, or because the structural supply equation itself did not posit a direct relationship between the quantity of exports supplied and export prices.3 For example, the recent study by Amano (1974) on the export behavior of ten industrial countries contains explicit export demand and export supply functions but the over-identified nature of that model prevents one from obtaining estimates...

  • BB.0002125_The Supply and Demand for Exports _A Simultaneous Approach.pdf.jpg
  • Bài báo/Newspaper


  • Authors: Morris Goldstein (1978)

  • Supply relationships have typically been handled by assumption, the usual practice being to assume that the export and import supply price elasticities facing any individual country are infinite. While the assumption of an infinite price elasticity seems reasonable a priori in the case of the world supply of imports to a single country, this assumption carries far less intuitive appeal when applied to the supply of exports of an individual country