A Method for Calculating Export Supply and Import Demand Elasticities

Download or read book A Method for Calculating Export Supply and Import Demand Elasticities written by Mr.Stephen Tokarick and published by International Monetary Fund. This book was released on 2010-07-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade elasticities are often needed in applied country work for various purposes and this paper describes a method for estimating import demand and export supply elasticities withoutusing econometrics. The paper reports empirical estimates of these elasticities for a large number of low, middle, and upper income countries. One task for which trade elasticities are needed is in developing exchange rate assessments and this paper shows how the estimated elasticities can be used for this purpose.