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Demand Elasticities For A Developing Economy
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Book Synopsis Demand Elasticities for a Developing Economy by : Richard Weisskoff
Download or read book Demand Elasticities for a Developing Economy written by Richard Weisskoff and published by . This book was released on 1971 with total page 739 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Demand Elasticities for a Developing Economy by : Richard Weisskoff
Download or read book Demand Elasticities for a Developing Economy written by Richard Weisskoff and published by . This book was released on 1969 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Demand elasticities in international trade : are they really low? by : Arvind Panagariya
Download or read book Demand elasticities in international trade : are they really low? written by Arvind Panagariya and published by World Bank Publications. This book was released on 1999 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: December 1996 For the first time in the economics literature, Panagariya, Shah, and Mishra obtain import demand elasticities for a small country (Bangladesh) that are very large. The elasticities are based on parameters of a utility function that are systematically of the correct sign and statistically significant. Using highly disaggregated data, both own-price and cross-price elasticities are estimated. Most economists are comfortable with the assumption that import demand elasticities facing small countries such as Austria, Belgium, and Denmark are approximately infinite. Yet the actual estimates of import demand elasticities for these and other countries are disturbingly low. Typical estimates range from 1-2, and in rare cases rise to 3. Such estimates seriously undermine the case for unilateral liberalization since they suggest considerable market power on the part of even small economies. They also raise doubts about the ability of exports to serve as an engine of growth. With import demand elasticities lying between 1 and 3, a 20 percent annual expansion in exports would, for example, lead to a substantial deterioration in the terms of trade. Panagariya, Shah, and Mishra analyze the U.S. demand for imports from Bangladesh for the products restricted under the Multifiber Arrangement. Because Bangladesh is only a small supplier of these products and close substitutes are available from many Asian and Latin American countries, they expected the elasticity of demand for Bangladeshi imports to be high. Their estimates of own-price elasticity are consistently high, exceeding 65 in all cases. This finding accords with trade theorists' prejudice that small countries can essentially behave as price takers but conflicts with the view in the empirical literature that demand elasticities rarely exceed 3 and are generally between 1 and 2. The authors' analysis differs from the existing literature in three ways. First, contrary to the general practice of postulating an ad hoc equation that violates trade theory, they derive a set of estimation equations from an explicit, utility-maximization model. They estimate these equations as a system and use the estimated parameters of the utility function to obtain the Marshallian own-price and cross-price elasticities as well as the income elasticity of demand. Second, they take explicit account of U.S. imports from competitors of Bangladesh. Rather than proxy competitors' prices by the prices prevailing in the export market, they rely directly on competitors' prices. Finally, they use highly disaggregated data that make the unit value of exports a far better proxy for price than is the case with the aggregate export data that are commonly used in this literature. This paper is a product of the Country Operations Division, Country Department I, South Asia. The study was funded by the Bank's Research Support Budget under research project Export Competitiveness and the Real Exchange Rate (RPO 679-59).
Book Synopsis Demand Elasticities for Developing Economy by : Richard Weisskoff
Download or read book Demand Elasticities for Developing Economy written by Richard Weisskoff and published by . This book was released on 1971 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Energy Demand And Economic Growth by : Corazon M Siddayao
Download or read book Energy Demand And Economic Growth written by Corazon M Siddayao and published by Taylor & Francis. This book was released on 2021-11-28 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author examines the measurement and conceptual issues that complicate analytical work in the energy demand field. Successful policy decisions depend on the use of appropriate data and analytic methods; because the demand side of the energy-economy interaction is highly complex, this study focuses on the more basic economic and energy concepts and methods in demand analyses. He critiques measures used to analyze the relationship of energy to economic growth and summarizes the various demand estimation methods and their results. Highlighting the problems faced by analysts in developing countries who often have limited time and inadequate data, she discusses the serious implications of basing policy decisions on questionable analytic methods and data.
Book Synopsis Income Elasticity and Economic Development by : M. Ohidul Haque
Download or read book Income Elasticity and Economic Development written by M. Ohidul Haque and published by Springer Science & Business Media. This book was released on 2005-10-24 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is mainly concerned with methods of estimating income elasticity. It is connected with economic development that can be achieved by reducing income inequality, a highly relevant subject in today’s world for a wide range of policy areas.
Book Synopsis Time Series Analysis of Export Demand Equations by : Mr.Abdelhak Senhadji
Download or read book Time Series Analysis of Export Demand Equations written by Mr.Abdelhak Senhadji and published by International Monetary Fund. This book was released on 1998-10-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper estimates export demand elasticities for a large number of developing and developed countries, using time-series techniques that account for the nonstationarity in the data. The average long-run price and income elasticities are found to be approximately -1 and 1.5, respectively. Thus, exports do react to both the trade partners’ income and to relative prices. Africa faces the lowest income elasticities for its exports, while Asia has both the highest income and price elasticities. The price and income elasticity estimates have good statistical properties.
Book Synopsis Elasticity of Food Consumption Associated with Changes in Income in Developing Countries by : Robert Dale Stevens
Download or read book Elasticity of Food Consumption Associated with Changes in Income in Developing Countries written by Robert Dale Stevens and published by . This book was released on 1965 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structural Adjustment in Developed Open Economies by : Douglas Hague
Download or read book Structural Adjustment in Developed Open Economies written by Douglas Hague and published by Springer. This book was released on 1985-08-12 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Demand for Money in Developing Countries by :
Download or read book The Demand for Money in Developing Countries written by and published by World Bank Publications. This book was released on 1991 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Survey of Energy Demand Elasticities for the Developing World by : Carol Ann Dahl
Download or read book A Survey of Energy Demand Elasticities for the Developing World written by Carol Ann Dahl and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Differentiating Cyclical and Long-term Income Elasticities of Import Demand by : Fernando Clavijo
Download or read book Differentiating Cyclical and Long-term Income Elasticities of Import Demand written by Fernando Clavijo and published by . This book was released on 1989 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: An import demand model that distinguishes between cyclical and long-term responses supports the claim that import demand in developing countries is more responsive to short-term than to long-term fluctuations in income.
Book Synopsis Income Elasticity of Demand for Food in Thailand and Other Developing Countries by : Waroon Garnjana-Goonchorn
Download or read book Income Elasticity of Demand for Food in Thailand and Other Developing Countries written by Waroon Garnjana-Goonchorn and published by . This book was released on 1971 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Study of Import-export Demand Elasticities for Selected Developing Countries by : Piero Claudio Ugolini
Download or read book A Study of Import-export Demand Elasticities for Selected Developing Countries written by Piero Claudio Ugolini and published by . This book was released on 1975 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Demand for Oil and Energy in Developing Countries by : Charles Wolf
Download or read book The Demand for Oil and Energy in Developing Countries written by Charles Wolf and published by . This book was released on 1980 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: How much of the world's oil and energy supply will the non-OPEC less-developed countries (NOLDCs) demand in the next decade? How will their economic growth affect world demand? To answer these questions, the authors have tried to develop some reasonable forecasts of NOLDC energy demands in the next ten years. Although the focus is mainly on demand for oil, some attention is given to the total commercial energy requirements of these countries. The data used in fitting the models cover 77 NOLDCs, which, in 1976, accounted for 79 percent of total oil consumption by all 124 NOLDCs. The uncertainties associated with the forecasts are spelled out, as are the income and price elasticities on which the forecasts are based. Finally, the authors consider the forecasts in terms of their implications for U.S. energy policies concerning the NOLDCs and suggest areas of future research on NOLDC energy issues.
Book Synopsis A Survey of Recent Estimates of Price Elasticities of Demand for Transport by :
Download or read book A Survey of Recent Estimates of Price Elasticities of Demand for Transport written by and published by World Bank Publications. This book was released on with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Energy Demand in Asian Developing Economies by : M. Hashem Pesaran
Download or read book Energy Demand in Asian Developing Economies written by M. Hashem Pesaran and published by Oxford University Press, USA. This book was released on 1999 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text reviews the relevant economic and econometric theory, introduces some econometric techniques, and uses these techniques to analyse energy demand in the Asian developing economies individually and taking the region as a whole.