지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
오류제보하기
It is well-known that income elasticities in the standard import demand equation may be over-estimated because of the omission of new goods. Following this line of reasoning, this paper suggests an import demand equation that incorporates the extensive margin and then estimates the effect of new goods on income elasticities. This paper shows that income elasticities are upward biased by approximately 115% when the effects of new goods are not taken into account, using Korean export data. This paper proposes a new sophisticated import demand equation that is useful for estimating un-biased income elasticities.
목차
등록된 정보가 없습니다.
참고문헌 (29)
참고문헌 신청
Alder, Hans / 1945 / United States Import Demand during the Interwar Period / The American Economic Review 35 : 418 ~ 430
Alder, Hans / 1946 / The Postwar Demand for United States Exports / The Review of Economic Studies 28 : 23 ~ 33
Arellano, Manuel / 1991 / Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations / The Review of Economic Studies 58 : 29
Blundell, Richard / 1998 / Initial Conditions and Moment Restrictions in Dynamic Panel Data Models / Journal of Econometrics 87 : 115 ~ 143
Broda, Christian / 2006 / Globalization and the Gains from Variety / The Quarterly Journal of Economics 121 (2) : 541 ~ 585
Alder, Hans / 1946 / The Postwar Demand for United States Exports / The Review of Economic Studies 28 : 23 ~ 33
Arellano, Manuel / 1991 / Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations / The Review of Economic Studies 58 : 29
Blundell, Richard / 1998 / Initial Conditions and Moment Restrictions in Dynamic Panel Data Models / Journal of Econometrics 87 : 115 ~ 143
Broda, Christian / 2006 / Globalization and the Gains from Variety / The Quarterly Journal of Economics 121 (2) : 541 ~ 585
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