Economics, Econometrics and Finance
8 years ago

New research reveals how export demand elasticity impacts global trade dynamics.

Australian Journal of Agricultural Economics
THE ELASTICITY OF DEMAND FOR THE EXPORTS OF A SINGLE COUNTRY — A RECONSIDERATION
John Taplin

Paper Summary

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The article explores how the demand for a country's exports of a specific product is affected by competition from other countries. The researchers found that the price elasticity of export demand is influenced by unknown cross elasticities between different types of the product. However, there are limits on how much these elasticities can vary. This allows us to determine how accurate the overall export elasticity is when considering market share.