The Supply and Demand for Exports: A Simultaneous Approach

Goldstein, Morris; Khan, Mohsin S.

doi:10.2307/1924981

Cited by 343 publications

(127 citation statements)

References 3 publications

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“…Existing studies which provide empirical evidence on the relationship between GDP levels and the trade flows include Balassa (1967), Goldstein & Khan (1978;1985), Silvapulle & Phillips (1985), Arize (1987), Lawrence 1990, Koshal et al (1992, Carone (1996), Warr & Wollmer (1996), Belessiotis & Giuseppe (1997), Baharumshah (2001), Boyd et al (2001);Chinn (2004), Havrila (2004), Lau et al (2004), Kyereme (2002) and Duasa (2007).…”

Section: Theoretical Framework and Methodologymentioning

confidence: 99%

An Empirical Investigation of Trade Flows Between Australia and its Major Trading Partners

Belicka¹,

Saleh²

2015

AABFJ

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This study introduces Net Export (NX) models to examine the determinants of the trade flows between Australia and eight selected trading partner (TP) countries (China, France, Germany, Malaysia, Singapore, Thailand, United Kingdom, United States of America) in four selected Trade Deficit (TD) categories (Pharmaceutical Products; Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Electrical Machinery and Equipment; Sound Recorders and Producers, and Vehicles Other Than Railway or Tramway Rolling-Stock). A total of 29 NX models are estimated, which are based on both the monetary and Quantity (QTY) values. Findings in this study suggest that macroeconomic variables such as money supply, interest rates and savings rates have no-significant effect in the determination of the NX levels in the selected categories. This highlights that monetary policy cannot influence the NX levels in the selected TD categories in Australia. This study also identifies some policy implications which arise from this paper. A total of 29 NX models are estimated, which are based on both the monetary and Quantity (QTY) values. Findings in this study suggest that macroeconomic variables such as money supply, interest rates and savings rates have no-significant effect in the determination of the NX levels in the selected categories. This highlights that monetary policy cannot influence the NX levels in the selected TD categories in Australia. This study also identifies some policy implications which arise from this paper.

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Section: Theoretical Framework and Methodologymentioning

confidence: 99%

An Empirical Investigation of Trade Flows Between Australia and its Major Trading Partners

Belicka¹,

Saleh²

2015

AABFJ

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“…In all studies, while providing export supply model, two variables of relative prices and desired production levels are used as the major explanatory variables. One of the most popular export models is the one introduced by Goldstein and Mohsen Khan [14]. In this model, simultaneous model is introduced to estimate supply and demand functions for export goods and the demand and supply functions of a country as a linear function-despite of the existence of two equilibrium and non-equilibrium models.…”

Section: Methodsmentioning

confidence: 99%

“…This pattern, especially in the supply side, is more comprehensive than Goldstein-Mohsen Khan model [14] and considering a supply shocks and changing trends in the region is highly important in this model. Also in this model, export merchandise prices ratio to domestic prices, especially in a specific goods or specific goods group, has more importance than the theoretical model is more acceptable than Goldstein-Khan because that the internal purchasing power for export in this model has been considered and thus the entry in the exchange rate model and its indirect effect on export supply, being replaced by domestic demand rather than exports (which increased the domestic prices (inflation) or changes in exchange rates and the overall real effective exchange rate) as well as the strengths of this model compared to model introduced by Goldstein-Khan [14] are considered.…”

Section: Methodsmentioning

confidence: 99%

Efficient Components on Livestock Products Export in Iran

Maleki¹,

Mirzaei²

2012

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Iran's dependence on oil revenues has caused severe impact of commodity price fluctuations on the currency revenues and any reduction in export prices has led into a deficit in the country's balance of payments. Accordingly, it was in the past years and especially the Second Development Plan that government included encouragement and reducing the country's dependence on oil revenues in its agenda. The international agricultural exports, especially exports of livestock and poultry country subdivision have a proper status due to its relative advantage. Therefore, in this study factors affecting the supply of exportable animal products are considered. For this purpose, factors affecting exports of livestock products are studied by using Cointegration Analysis based on statistical intervals in 1984-2008. Experimental results showed that the value of income per capita importer countries of Iran and the real exchange rate had a positive effect on export demand and the added value and export price index had a negative impact on exports of livestock sector.

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“…V případě vysvětlovaných proměnných zahraniční ceny exportu a kurz CZK/EUR empirická verifikace naznačuje model, že dovoz přímých zahraničních investic vede nejenom k růstu objemu exportu, ale i k růstu zahraničních cen exportu a k apreciaci české koruny. Goldstein a Khan (1978) v případě exportní funkce řeší jako první problém identifikace při simultánním odhadu dvourovnicového modelu. Formulují a odhadují model, kde poptávka po exportu je funkcí zahraničního důchodu a poměru domácích exportních cen ke světovým exportním cenám a domácí nabídka exportu je funkcí domácí výrobní kapacity a poměru domácích exportních cen k domácím cenám.…”

Section: Exportní Funkce V Tranzitivní Ekonomice S Přílivem Přímých Zunclassified

“…V tomto kontextu stojí za pozornost, že v případě Japonska za období let 1955-1970Goldstein a Khan (1978 zaznamenají (dle nich "překvapivě") statisticky významnou kladnou cenovou elasticitu poptávky po exportu. Z historického pohledu můžeme Japonsko v tomto období rovněž považovat za úspěšně konvergující ekonomiku.…”

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An Empirical Verification of Export Function Focused on the Impact of EUR/CZK Exchange Rate

Mandel¹,

Quang²

2017

Politicka ekonomie

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An Empirical Verification of Export Function Focused on the Impact of EUR/CZK Exchange RateThe traditional view of international economics is that exchange rate is a leading factor which can strongly affect a country's foreign trade. However, the production fragmentation widespread around the world due to the recent globalization may weaken the role of exchange rate on international trade. As the Czech economy is a very open one, a quantitative knowledge of the impact of exchange rate on export is a valuable information for all actors in the economy. In our contribution, we examine effect of the exchange rate of the Czech crown on domestic export in three macroeconomic models in both short and long run. The first one is a Keynesian model representing the demand for export in the form of marginal propensities. The second one is a VAR model in elasticities of the reduced form. The last one is a structural model resulting from the findings from the previous one. To estimate their parameters, we use quarterly data from 2000 Q1 to 2016 Q1. In all three cases we identify statistically significant impact of exchange rate on export in short-run models.

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The Supply and Demand for Exports: A Simultaneous Approach

Cited by 343 publications

References 3 publications

An Empirical Investigation of Trade Flows Between Australia and its Major Trading Partners

An Empirical Investigation of Trade Flows Between Australia and its Major Trading Partners

Efficient Components on Livestock Products Export in Iran

An Empirical Verification of Export Function Focused on the Impact of EUR/CZK Exchange Rate

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