Browsing by Subject A Simultaneous Approach

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  • Authors: Morris Goldstein (1978)

  • The primary purpose of this study is to investigate the price responsiveness of both export demand and export supply using quarterly data on the aggregate exports of eight industrial countries for the period 1955-1970. Two relatively simple models of export demand and supply are introduced and these models are then estimated simultaneously so as to eliminate any bias arising from the two-way relationship between export quantities and export prices