Franklin

China's Changing Trade Elasticities [electronic resource] Aziz, Jahangir.

Author/Creator:
Aziz, Jahangir.
Publication:
Washington, D.C. : International Monetary Fund, 2007.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 07/266.
IMF Working Papers; Working Paper No. 07/266
Format/Description:
Government document
Book
1 online resource (27 p.)
Local subjects:
Aggregate exports.
Aggregate imports.
Aggregate trade.
Average tariffs.
Bilateral trade.
Cointegration.
Computation.
Current account balance.
Current account surplus.
Domestic demand.
Domestic prices.
Dummy variables.
Econometrics.
Economic liberalization.
Equation.
Equations.
Exchange rate movements.
Exchange rate policies.
Exchange rate policy.
Exchange rates.
Export growth.
Export price.
Export sector.
Export share.
Export supply.
External shocks.
External trade.
Finite sample.
Foreign trade.
Import demand.
Import price.
Import prices.
Import quotas.
Import tariffs.
Import taxes.
Imported inputs.
Increasing integration.
Independent variables.
Intermediate inputs.
Maximum likelihood estimator.
Price of imports.
Probability.
Producer price index.
Regional trade.
Samples.
Standard deviation.
Standard error.
Standard errors.
Statistic.
Statistics.
Trade.
Trade barriers.
Trade data.
Trade deficit.
Trade growth.
Trade liberalization.
Trade model.
Trade patterns.
Trade policy reform.
Trade reform.
Trade restrictions.
Trade structure.
Trading partners.
World economy.
World exports.
World markets.
World trade.
China, People's Republic of.
Saint Lucia.
Summary:
China''s sectoral trade composition, product quality mix, and import content of processing exports have all changed substantially during the past decade. This has rendered trade elasticities estimated using aggregate data highly unstable, with more recent data pointing to significantly higher demand and price elasticities. Sectoral differences in these parameters are also very wide. All this suggests greater caution in using historical data to simulate the response of the China''s economy to external shocks and exchange rate changes. Analyses based on models whose estimated coefficients largely reflect the China of the 1980s and 1990s are likely to turn out to be wrong, perhaps even dramatically.
Notes:
Description based on print version record.
Contributor:
Aziz, Jahangir.
Li, Xiangming.
Other format:
Print Version:
ISBN:
1451868294:
9781451868296
ISSN:
1018-5941
Publisher Number:
10.5089/9781451868296.001
Access Restriction:
Restricted for use by site license.
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