Econometric Analysis of Industrial Country Commodity Exports

January 1, 1992

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper examines the composition of primary commodity exports by industrial countries and contrasts this composition with that of the exports by developing countries. Both the share of industrial countries’ commodity exports in world commodity exports, as well as in their own total merchandize exports, is examined over time and across different commodities and geographical areas. The paper then specifies and empirically estimates an econometric model of the demand for and the supply of commodity exports by industrial countries. The model is estimated for five groups of industrial countries and the parameters of the model are compared with those available for the developing countries.

Subject: Commodities, Commodity prices, Commodity trade, Export prices, Exports, International trade, Metals, Prices

Keywords: Australia and New Zealand, commodity export, commodity exports to Canada, commodity exports to the United States, commodity group, Commodity prices, commodity share, commodity trade, country commodity, developing country, Export prices, Exports, food commodity, Group export, industrial country, intracommodity trade, Metals, UNCTAD commodity yearbook, WP

Pages:
34
Volume:
1992
DOI:
https://doi.org/10.5089/9781451841954.001
Issue:
004
Series:
Working Paper No. 1992/004
Stock No:
WPIEA0041992
ISBN:
9781451841954
ISSN:
1018-5941

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Notes

Examines composition of primary commodity exports by industrial countries and contrasts this composition with that of exports by developing countries.

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