{
  "title": "Time Series Analysis of Export Demand Equations: A Cross-Country Analysis",
  "publication": "IMF Working Papers, October 1, 1998",
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  "summary": "The paper estimates export demand elasticities for a large number of developing and developed countries, using time-series techniques that account for the nonstationarity in the data. The average long-run price and income elasticities are found to be approximately -1 and 1.5, respectively.",
  "sections": [
    {
      "heading": "Summary and main findings",
      "content": "- The paper estimates export demand elasticities for a large number of developing and developed countries, using time-series techniques that account for the nonstationarity in the data.\n- The average long-run price elasticity is approximately -1.\n- The average long-run income elasticity is approximately 1.5.\n- Conclusion: exports react to both the trade partners’ income and to relative prices."
    },
    {
      "heading": "Methodology",
      "content": "- Time-series techniques that account for nonstationarity in the data are used to estimate export demand elasticities."
    },
    {
      "heading": "Regional results",
      "content": "- Africa faces the lowest income elasticities for its exports.\n- Asia has both the highest income elasticities and the highest price elasticities."
    },
    {
      "heading": "Statistical properties",
      "content": "- The price and income elasticity estimates have good statistical properties."
    },
    {
      "heading": "Classification and keywords",
      "content": "- Subject: Export prices, Exports, Foreign exchange, International trade, National accounts, Personal income, Price elasticity, Prices, Real exchange rates\n- Keywords: Africa, Asia and Pacific, Cointegration, elasticity estimate, exchange rate, Export demand, export demand equation, export demand function, export demand model, Export prices, Exports, import demand elasticity, Income and Price Elasticities, income elasticity, Personal income, Price elasticity, Real exchange rates, world export unit value, WP\n\n---\n\n Content in this bundle\n\n- Time Series Analysis of Export Demand Equations: A Cross-Country Analysis - WP/98/149\n  - Time Series Analysis of Export Demand Equations: A Cross-Country Analysis - WP/98/149 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Time Series Analysis of Export Demand Equations: A Cross-Country Analysis - WP/98/149 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/time-series-analysis-of-export-demand-equations-a-cross-country-analysis-2759"
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    "Authors: Claudio Montenegro, Abdelhak S Senhadji",
    "Published: October 1, 1998",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451923582.001",
    "The paper estimates export demand elasticities for a large number of developing and developed countries, using time-series techniques that account for the nonstationarity in the data.",
    "The average long-run price elasticity is approximately -1.",
    "The average long-run income elasticity is approximately 1.5.",
    "Conclusion: exports react to both the trade partners’ income and to relative prices.",
    "Time-series techniques that account for nonstationarity in the data are used to estimate export demand elasticities.",
    "Africa faces the lowest income elasticities for its exports.",
    "Asia has both the highest income elasticities and the highest price elasticities.",
    "The price and income elasticity estimates have good statistical properties.",
    "Subject: Export prices, Exports, Foreign exchange, International trade, National accounts, Personal income, Price elasticity, Prices, Real exchange rates",
    "Keywords: Africa, Asia and Pacific, Cointegration, elasticity estimate, exchange rate, Export demand, export demand equation, export demand function, export demand model, Export prices, Exports, import demand elasticity, Income and Price Elasticities, income elasticity, Personal income, Price elasticity, Real exchange rates, world export unit value, WP",
    "**Time Series Analysis of Export Demand Equations: A Cross-Country Analysis - WP/98/149**"
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