Search Results - subject:"Demand function"

How do imports drive the domestic value added of China? : the roles of input imports and demand imports

Zeng, Can; Zhang, Yabin; Wang, Zhenguo - In: The world economy : the leading journal on … 47 (2024) 10, pp. 4153-4197

Persistent link: https://www.econbiz.de/10015115072

International Trade and American Wages in General Equilibrium, 1967 - 1995

Harrigan, James - 2021

In the last quarter century, wage inequality has increased dramatically in the United States. At the same time, the US has become more integrated into the world economy prices of final goods have changed, the capital stock has more than doubled has become steadily more educated. This paper...

Persistent link: https://www.econbiz.de/10013218410

Quantifying Quality Growth

Bils, Mark; Klenow, Peter J. - 2021

We introduce an instrumental variables approach to estimate the importance of unmeasured quality growth for a set of 66 durable consumer goods. Our instrument is based on predicting which of these 66 goods will display rapid quality growth. Using pooled cross- relatively sections of households...

Persistent link: https://www.econbiz.de/10013219971

Doomed to Deficits? Aggregate U.S. Trade Flows Re-Examined

Chinn, Menzie David - 2021

period. Using the Johansen maximum likelihood approach, an export demand function is readily identified. In contrast, there … appears to be a structural break in the import demand function in 1995; specifications incorporating this break pass tests for … import series is a stable import demand function detected. The resulting point estimates do not exhibit the income asymmetry …

Persistent link: https://www.econbiz.de/10013220385

Export Supply and Import Demand Functions : a Production Theory Approach

Diewert, W. Erwin - 2021

In this paper we theoretically and empirically model import demand and export supply behavior of firms for the U.S. economy from 1967-1982. A producer theoretic approach based on duality theory is used to derive econometric systems of producer supply and demand functions that are consistent with...

Persistent link: https://www.econbiz.de/10013221104

Quantifying the Benefits of New Products : The Case of the Minivan

Petrin, Amil - 2021

I develop a technique useful for obtaining more precise estimates of demand and supply curves when constrained to market-level data. It augments the estimation routine with data on the average characteristics of consumers that purchase different products. I apply the technique to the automobile...

Persistent link: https://www.econbiz.de/10013222051

Explaining the Income and Consumption Effects of COVID in India

Gupta, Arpit; Malani, Anup; Woda, Bartosz - 2021

The COVID-19 pandemic led to stark reductions in economic activity in India. We employ CMIE's Consumer Pyramids Household Survey to examine the timing, distribution, and mechanism of the impacts from this shock on income and consumption through December 2020. First, we estimate large and...

Persistent link: https://www.econbiz.de/10013222265

The Impact of China on the Exports of Other Asian Countries

Eichengreen, Barry; Yi, Yŏng-sŏp; Tong, Hui - 2021

We analyze the impact of China's growth on the exports of other Asian countries. Our innovation is to distinguish the increase in China's demand for imports from its increased penetration of export markets. Using the gravity model, we disaggregate among commodity types and account for the...

Persistent link: https://www.econbiz.de/10013225046

Optimal Consumption with Reference to Past Spending Maximum

Deng, Shuoqing; Li, Xun; Pham, Huyên; Yu, Xiang - 2021

This paper studies the infinite horizon optimal consumption with a path-dependent reference under the exponential utility. The performance is measured by the difference between the non-negative consumption rate and a fraction of the historical consumption maximum. The consumption running maximum...

Persistent link: https://www.econbiz.de/10013226821

Determinants of Imports in Guinea

Agbeno, Yao - 2021

The objective of this paper is to examine the factors that influence Guinea's overall import demand using annual data covering the period 1980-2015. Through the Error Correction Model (ECM), we estimated the short- and long-term relationships to measure the effect of real investment expenditure,...

Persistent link: https://www.econbiz.de/10013227385