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, Thomas
    Title 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-series
    JEL O11
    O19
    O41
    F43
    C51
    Copyright Year 2005
    Copyright type All rights reserved
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    Created: Fri, 13 Dec 2013, 12:39:43 JST