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Estimating export equations for developing countries

Kumar, Sanjesh (2009) Estimating export equations for developing countries. The IUP Journal of Applied Economics, 8 (2). pp. 17-28. ISSN 0972-6861

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Abstract

The paper uses annual time series data to estimate the price and income elasticities of export demand for three developing countries� Fiji, Papua New Guinea (PNG) and Bangladesh. The LSE-Hendry� s general-to-specific approach (known as GETS) is employed by using correct specifications of relative price to find the relevant export elasticities. Income elasticities of export demand are found to be unity for all the three countries. The price elasticity estimates, in contrast, have correct signs, and give plausible magnitudes. Based on the results, exports in developing countries can be seen as an engine for growth, and thus, export promotion policies are necessary to improve trade balance and to achieve greater export-based growth.

Item Type: Journal Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Sanjesh Kumar
Date Deposited: 20 May 2014 16:01
Last Modified: 20 May 2014 16:01
URI: http://repository.usp.ac.fj/id/eprint/7390
UNSPECIFIED

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