Takeuchi, Fumihide - In: Applied Economics Letters 18 (2011) 17, pp. 1697-1703
This article calculates the Feenstra's (1994) 'exact price index' for each category of US-imported goods and aggregates them to analyse the US import demand equation for assessing the seriousness of the external imbalance. What distinguishes Feenstra's exact price index is that it incorporates...