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Import Demand In Developing Countries
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Author :I. M. D. Little Publisher :London ; New York : Published for the Development Centre of the Organization for Economic Co-operation and Development by Oxford U.P. ISBN 13 : Total Pages :546 pages Book Rating :4.:/5 (318 download)
Book Synopsis Industry and Trade in Some Developing Countries by : I. M. D. Little
Download or read book Industry and Trade in Some Developing Countries written by I. M. D. Little and published by London ; New York : Published for the Development Centre of the Organization for Economic Co-operation and Development by Oxford U.P.. This book was released on 1970 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Devaluation, Relative Prices, and International Trade by : Ms.Carmen Reinhart
Download or read book Devaluation, Relative Prices, and International Trade written by Ms.Carmen Reinhart and published by International Monetary Fund. This book was released on 1994-11-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Devaluation is an integral part of adjustment in many developing countries, particularly relied upon by countries facing large external imbalances. A devaluation can only reduce trade imbalances if it translates to a real devaluation and if trade flows respond to relative prices in a significant and predictable manner. However, a recent strand in the empirical trade literature has questioned the existence of a stable relationship between trade flows and its traditional determinants. This paper re-examines the relationship between relative prices and imports and exports in a sample of 12 developing countries.
Book Synopsis Import Substitution, Trade, and Development by : Jaleel Ahmad
Download or read book Import Substitution, Trade, and Development written by Jaleel Ahmad and published by . This book was released on 1978 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on theoretical and practical aspects of import substitution policy in developing countries and least developed countries - examines import substitution as a source of industrial growth and as a feasible strategy for improving those countries' trade and balance of payments. Bibliography pp. 109 to 119, graphs and statistical tables.
Book Synopsis Structural Change in Trade in Manufactured Goods Between Industrial and Developing Countries by : Bela A. Balassa
Download or read book Structural Change in Trade in Manufactured Goods Between Industrial and Developing Countries written by Bela A. Balassa and published by World Bank Publications. This book was released on 1980 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Imports and Growth in Highly Indebted Countries by : Jesko Hentschel
Download or read book Imports and Growth in Highly Indebted Countries written by Jesko Hentschel and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: A real imports of capital and intermediate goods declined sharply for highlyindebted countries in the 1980s, these economies were faced with the need tosubstitute previously imported factors of production with domestic capital and labor. The study empirically analyzes the degree of import dependence of twelve developing countries. Estimates of the short-run elasticity of substitution characterize both imported capital and intermediate goods to behave like complements in the production process in the developing countries. Long-run substitution elasticites differ considerably among the group of economies, especially for imported machinery and equipment. The results indicate that inward-oriented strategies have not achieved the aim of reducing the import dependence of the developing economies. In order to visualize theimplications of the differing degree of import dependence, a partial equilibrium econometric model is used to analyze the reaction of the trade account on external shocks and domestic policies in Columbia and Ecuador. Simulations show that the dependence on imported production means can transform an "adjustment with growth" of the external account intoan "adjustment or growth" controversy.
Book Synopsis Regional models of trade and development by : B.S.M. Berendsen
Download or read book Regional models of trade and development written by B.S.M. Berendsen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1.1. THE PURPOSE OF THE STUDY This study deals with regional co-operation among developing By regional co-operation is countries and its potential benefits. meant any form of concerted action by the countries of a region aimed at a fuller utilization of their growth potential. Such con certed action may consist of various kinds of economic policy measures regarding production, investment and foreign trade. In this sense, regional co-operation is to be regarded as a facet of the participating countries' overall development strategy. Unlike other studies in this field, dealing with integration among developing countries and focussing attention on the planning of such integra tion (see, e.g., Mennes 1972), the present study concentrates on the effect of integration and co-ordination policies on the structure of intra-and extra-regional trade. Very often large differences exist among developing countries with respect to various aspects of economic development, e.g., the structure of demand, the structure of capital formation and the growth rates of individual sectors. Such divergencies call for the utilization of a multi-country, multi-sector model that will enable a better co-ordination of production and investment policies. Atten tion should thereby be given to the pattern of intra-regional specialization that will result from such a co-ordinated policy.
Book Synopsis Time-Series Estimation of Structural Import Demand Equations by : Mr.Abdelhak Senhadji
Download or read book Time-Series Estimation of Structural Import Demand Equations written by Mr.Abdelhak Senhadji and published by International Monetary Fund. This book was released on 1997-10-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper derives a structural import demand equation and estimates it for a large number of countries, using recent time series techniques that address the problem of nonstationarity. Because the statistical properties of the different estimators have been derived only asymptotically, econometric theory does not offer any guidance when it comes to comparing different estimators in small samples. Consequently, the paper derives the small-sample properties of both the ordinary-least-squares (OLS) and the fully-modified (FM) estimators using Monte Carlo methods. It is shown that FM dominates OLS for both the short- and long-run elasticities.
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 Trade Policies towards Developing Countries by : Akira Hirata
Download or read book Trade Policies towards Developing Countries written by Akira Hirata and published by Springer. This book was released on 2016-07-27 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1970s and 1980s saw a radical expansion of manufacturing from developing countries, triggering off a new type of trade conflict in world trade. The response of industrial countreis has been multi-fold: ranging from protection in sensitive industries to preferences. This book takes stock, and evaluates the trade policy measures of, Japan, US and EC, towards developing countries, with a realistic, `non-dependency' approach.
Book Synopsis Agricultural Trade Between Developing Countries by : Nurul Islam
Download or read book Agricultural Trade Between Developing Countries written by Nurul Islam and published by Intl Food Policy Res Inst. This book was released on 1992-01-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Past trends in intratrade; Commodity composition and salient characteristic of intrade; Roles of institutions and policies in intratrade; Expansion of South-South agricultural trade: future prospects and likely effects of trade liberalization.
Book Synopsis International Trade by : Khosrow Fatemi
Download or read book International Trade written by Khosrow Fatemi and published by Taylor & Francis Group. This book was released on 1989 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arranged in six sections, each section examines a different aspect of international trade and other related issues. Topics such as world economy, exchange rates and dollar fluctuations are discussed by international scholars.
Book Synopsis Exporting to Industrial Countries by : International Finance Corporation. Economics Department
Download or read book Exporting to Industrial Countries written by International Finance Corporation. Economics Department and published by . This book was released on 1990 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The decade of the 1980s provided many opportunities for developing country exporters. Above all else, the rapid growth in U.S. demand for imported goods allowed developing country exports to expand. As the 1980s drew to a close, rapid growth in Japan and Europe also began to boost their imports from developing countries. However, it is believed that circumstances will be different in the 1990s: 1) demand growth in the U.S. is slowing; 2) real interest rates are expected to remain high and perhaps rise; and 3) growth of demand has been slowing down in the major developing countries. What does the future hold then? Growth in Japan is expected to be strong, and the European Community (EC) is likely to expand rapidly under the double stimulus of Europe 1992, German unification and reconstruction in the East. The key question concerns trade policy. The EC Commission will exercise trade powers that previously were exercised by the individual states. There is concern that the Commission is less attached to free trade than exporters might like. There is also concern that competition from Eastern Europe will increase; that the use of antidumping procedures will increase and that preferences enjoyed by neighboring countries and former colonies will erode, affecting business in these countries. In brief, competition will be tougher during the 1990s and developing country businesses must pay more attention to European and Japanese markets.
Book Synopsis Imports and Growth in Africa by : Ramon Eugenio Lopez
Download or read book Imports and Growth in Africa written by Ramon Eugenio Lopez and published by World Bank Publications. This book was released on 1988 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Faster economic growth in Africa involves a recovery in the growth of imports -- and greater efficiency in their use.
Book Synopsis Trade and Industrial Policy in Developing Countries by : David Greenaway
Download or read book Trade and Industrial Policy in Developing Countries written by David Greenaway and published by University of Michigan Press. This book was released on 1993 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensive coverage of trade policy theory for the developing world
Book Synopsis Changing Patterns of Global Trade by : Nagwa Riad
Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.
Book Synopsis Determinants of Imports in Nigeria by : Festus O. Egwaikhide
Download or read book Determinants of Imports in Nigeria written by Festus O. Egwaikhide and published by . This book was released on 1999 with total page 56 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).
