Modelling quantitative trade restrictions: Rationing in the Rotterdam model

Brenton, Paul

doi:10.1007/bf01144780

Cited by 3 publications

(2 citation statements)

References 6 publications

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“…Although the problem of unavailability of appropriate price data is well-known and has been widely discussed, it has not yet been satisfactorily addressed, to our knowledge, especially in the context of an aggregate import demand function (see the discussion in Ghei and Pritchett (1999)). Some important progress have been made in the estimation of disaggregate import demand under foreign exchange constraint or quantitative restrictions that use the Neary-Roberts (1980) framework where at least some of the imported goods are not constrained (see, Bertola and Faini (1990), and Winters and Brenton (1993)). In contrast, the standard model with income and relative price has been, and still is, the work-horse for modeling the aggregate import demand in developing countries.…”

Section: Introductionmentioning

confidence: 99%

“…This is the "market clearing model" to use the phrase ofWinters and Brenton (1993) where the secondary market clears at the equilibrium price. The model developed in this paper remains equally valid if instead the "rationing model" (in their terminology again) is applicable where the secondary market is thin or non-existent, and the appropriate scarcity prices are the "virtual prices"á laNeary and Roberts (1980), as long as the representative agent assumption is entertained.…”

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confidence: 99%

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Estimating Import Demand Function in Developing Countries: A Structural Econometric Approach with Applications to India and Sri Lanka

Emran

Shilpi

2007

SSRN Journal

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Section: Introductionmentioning

confidence: 99%

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confidence: 99%

Estimating Import Demand Function in Developing Countries: A Structural Econometric Approach with Applications to India and Sri Lanka

Emran

Shilpi

2007

SSRN Journal

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Nile perch demand in the Netherlands: are exports from Kenya, Tanzania and Uganda source-differentiated?

Muhammad¹

2009

Agrekon

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This study examined Nile perch demand in the Netherlands and assessed the importance of country of origin as a determining factor. Import demand equations were estimated using the absolute price version of the Rotterdam model where Nile perch fillets were differentiated by product form (chilled and frozen) and by source country (Kenya, Tanzania and Uganda). The Armington framework (sourcedifferentiation) is often used when estimating import demand for a similar product from different sources; however, the results of this study indicated that country of origin is not a factor in the Netherlands when importing Nile perch. Results showed that the responsiveness of importers to price changes was the same regardless to the supplying country. Likelihood ratio tests fail to reject the hypothesis that the own-price and cross-price demand estimates were equal across the three exporting countries. It was also shown that the origin-specific expenditure and own-price elasticities were not significantly different across the three exporting countries.

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The role of the Generalised System of Preferences (GSP) in determining carnation demand in the United Kingdom: implications for Colombian and Kenyan exports

Muhammad¹,

Ngeleza²

2009

Agrekon

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The goal of this paper was to assess how the EU Generalised System of Preferences incentive scheme to combat drugs production and trafficking (GSP+) affected carnation imports in the United Kingdom (UK). Colombian carnations enter the EU duty-free under the GSP+ incentive scheme which is less secure than the trade agreement between the EU and Kenya. If the EU withdrew preferences from Colombia, would Kenyan flower exporters be better off in the UK carnation market? The results of study showed that Colombian exports benefited from tariff-free access to the UK where the benefit was due to both trade creation and trade diversion. Additionally, the competition between Colombian and Kenyan carnations was found to be insignificant and there was no evidence that GSP+ negatively affected Kenyan carnations. The results showed that competing exporters (Kenya, the Netherlands and Spain) could actually be better off when Colombian carnations are given duty-free to the EU.

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Modelling quantitative trade restrictions: Rationing in the Rotterdam model

Cited by 3 publications

References 6 publications

Estimating Import Demand Function in Developing Countries: A Structural Econometric Approach with Applications to India and Sri Lanka

Estimating Import Demand Function in Developing Countries: A Structural Econometric Approach with Applications to India and Sri Lanka

Nile perch demand in the Netherlands: are exports from Kenya, Tanzania and Uganda source-differentiated?

The role of the Generalised System of Preferences (GSP) in determining carnation demand in the United Kingdom: implications for Colombian and Kenyan exports

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