Income and Price Elasticities for Exports of Developing Countries
- 1 May 1988
- journal article
- Published by JSTOR in The Review of Economics and Statistics
- Vol. 70 (2) , 306
- https://doi.org/10.2307/1928315
Abstract
Income and price elasticities for non-oil exports of non-OPEC developing countries play an important role in the development of policy responses to the debt crisis. These elasticities are estimated for the major SITC commodity groups. Based on 2SLS and quarterly data for 1973-1984, the income elasticity for non-oil exports ranges between 1.4 and 1.9. The analysis also tests the properties of the error term, the dynamic specification, and parametric stability. The sensitivity of the results is assessed using Shiller's lags and Band Spectrum estimation.Keywords
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