Simultaneous Estimation of Income and Price Elasticities of Export Demand, Scale Economies and Total Factor Productivity Growth for Brazil
Mutz, Christine and Ziesemer, Thomas (2005). Simultaneous Estimation of Income and Price Elasticities of Export Demand, Scale Economies and Total Factor Productivity Growth for Brazil. UNU-MERIT Research Memoranda. UNU-MERIT.
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Sub-type Working paper Author Mutz, Christine
Ziesemer, ThomasTitle Simultaneous Estimation of Income and Price Elasticities of Export Demand, Scale Economies and Total Factor Productivity Growth for Brazil Series Title UNU-MERIT Research Memoranda Volume/Issue No. 4 Publication Date 2005 Publisher UNU-MERIT Language eng Abstract This paper focuses on a model in which low (high) export demand elasticities and the fact that developing countries are importers of capital goods help explaining the slow (high) growth of these countries. The question arises whether export demand elasticities are low or high. For answering this question, export demand elasticities for the case of Brazil are estimated using a growth model. As a by-product of estimating the model, we obtain estimates for total-factor productivity growth and for scale economies. Based on the results from estimation we calculate steady-state growth rates, engine and handmaiden effects of growth as well as dynamic steady-state gains from trade. The model and the results are discussed in regard to several strands of literature. Keyword Development
International linkages
Open economy growth models
Time-seriesJEL O11
O19
O41
F43
C51Copyright Year 2005 Copyright type All rights reserved -
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