메뉴 건너뛰기




Volumn 60, Issue 2, 2003, Pages 337-354

Real effective exchange rate and the constant elasticity of substitution assumption

Author keywords

Foreign exchange; Panel cointegration; Panel unit root tests; Trade forecasting and simulation

Indexed keywords

COINTEGRATION ANALYSIS; EXCHANGE RATE; EXPORT; SUBSTITUTION; TRADE PERFORMANCE;

EID: 0038522545     PISSN: 00221996     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0022-1996(02)00027-2     Document Type: Article
Times cited : (27)

References (34)
  • 1
    • 0001944749 scopus 로고
    • A theory of demand for products distinguished by place of production
    • Armington, P. S. (1969). A theory of demand for products distinguished by place of production. IMF Staff Papers, 16 159-176.
    • (1969) IMF Staff Papers , vol.16 , pp. 159-176
    • Armington, P.S.1
  • 2
    • 0011545711 scopus 로고
    • A revised version of the multilateral exchange rate model
    • Artus, J. R., & McGuirk, A. K. (1981). A revised version of the multilateral exchange rate model. IMF Staff Papers, 28 275-309.
    • (1981) IMF Staff Papers , vol.28 , pp. 275-309
    • Artus, J.R.1    McGuirk, A.K.2
  • 4
    • 0029190847 scopus 로고
    • Automobile prices in market equilibrium
    • Berry, S., Levinsohn, J., & Pakes, A. (1995). Automobile prices in market equilibrium. Econometrica, 63 841-890.
    • (1995) Econometrica , vol.63 , pp. 841-890
    • Berry, S.1    Levinsohn, J.2    Pakes, A.3
  • 5
    • 0002787973 scopus 로고
    • The systems of consumer demand functions approach: A review
    • Barten, P. A. (1977). The systems of consumer demand functions approach: a review. Econometrica, 45 23-51.
    • (1977) Econometrica , vol.45 , pp. 23-51
    • Barten, P.A.1
  • 7
    • 0033041514 scopus 로고    scopus 로고
    • Explaining Armington: What determines substitutability between home and foreign goods?
    • Blonigen, B. A., & Wilson, W. W. (1999). Explaining Armington: what determines substitutability between home and foreign goods?. Canadian Journal of Economics, 32 1-21.
    • (1999) Canadian Journal of Economics , vol.32 , pp. 1-21
    • Blonigen, B.A.1    Wilson, W.W.2
  • 8
    • 0002361049 scopus 로고
    • Aggregation and imperfect competition: On the existence of equilibrium
    • Caplin, A., & Nalebuff, B. (1991). Aggregation and imperfect competition: on the existence of equilibrium. Econometrica, 59 25-59.
    • (1991) Econometrica , vol.59 , pp. 25-59
    • Caplin, A.1    Nalebuff, B.2
  • 10
    • 0000448037 scopus 로고
    • Monopolistic competition and optimum product diversity
    • Dixit, A., & Stiglitz, J. E. (1977). Monopolistic competition and optimum product diversity. American Economic Review, 67 297-308.
    • (1977) American Economic Review , vol.67 , pp. 297-308
    • Dixit, A.1    Stiglitz, J.E.2
  • 11
    • 45949119851 scopus 로고
    • Forecasting and testing in cointegrated systems
    • Engle, R. F., & Yoo, B. S. (1987). Forecasting and testing in cointegrated systems. Journal of Econometrics, 35 143-159.
    • (1987) Journal of Econometrics , vol.35 , pp. 143-159
    • Engle, R.F.1    Yoo, B.S.2
  • 12
    • 0027099627 scopus 로고
    • The fallacy of composition argument: Is it relevant for LDCs' manufactures exports?
    • Faini, R., Clavijo, F., & Senhadji-Semlali, A. (1992). The fallacy of composition argument: is it relevant for LDCs' manufactures exports?. European Economic Review, 36 865-882.
    • (1992) European Economic Review , vol.36 , pp. 865-882
    • Faini, R.1    Clavijo, F.2    Senhadji-Semlali, A.3
  • 15
    • 77957232633 scopus 로고
    • Income and price effects in foreign trade
    • Amsterdam: North-Holland
    • Goldstein, M., & Khan, M. (1985). Income and price effects in foreign trade. Handbook of International Economics, Vol. II Amsterdam: North-Holland.
    • (1985) Handbook of International Economics , vol.2
    • Goldstein, M.1    Khan, M.2
  • 19
    • 0037850421 scopus 로고
    • On the relationships between some systems of demand functions
    • Johansen, L. (1969). On the relationships between some systems of demand functions. Liiketaloudellinen Aikakauskirga, 1 30-41.
    • (1969) Liiketaloudellinen Aikakauskirga , vol.1 , pp. 30-41
    • Johansen, L.1
  • 21
    • 0021069453 scopus 로고
    • 'Real' effective exchange rate indices: A re-examination of the major conceptual and methodological issues
    • Maciejewski, E. B. (1983). 'Real' effective exchange rate indices: a re-examination of the major conceptual and methodological issues. IMF Staff Papers, 30 491-541.
    • (1983) IMF Staff Papers , vol.30 , pp. 491-541
    • Maciejewski, E.B.1
  • 22
    • 0002378331 scopus 로고
    • Critical values for cointegration tests
    • R. F. Engle, C. W. Granger (Eds.), : Oxford University Press
    • MacKinnon, J. G. (1991). Critical values for cointegration tests. In R. F. Engle, & C. W. Granger (Eds.), Long-run Economic Relationships, 267-276. : Oxford University Press.
    • (1991) Long-run Economic Relationships , pp. 267-276
    • MacKinnon, J.G.1
  • 23
    • 0001187515 scopus 로고    scopus 로고
    • A comparative study of unit root tests with panel data and a new simple test
    • Maddala, G. S., & Wu, S. (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, 61 631-652.
    • (1999) Oxford Bulletin of Economics and Statistics , vol.61 , pp. 631-652
    • Maddala, G.S.1    Wu, S.2
  • 25
    • 0029530583 scopus 로고
    • Modeling aggregate manufactured exports of some Asian newly industrialized economies
    • Muscatelli, V. A., Stevenson, A. A., & Montagna, C. (1995). Modeling aggregate manufactured exports of some Asian newly industrialized economies. Review of Economics and Statistics, 77 147-155.
    • (1995) Review of Economics and Statistics , vol.77 , pp. 147-155
    • Muscatelli, V.A.1    Stevenson, A.A.2    Montagna, C.3
  • 26
  • 27
    • 0041110046 scopus 로고    scopus 로고
    • Critical values for cointegration tests in heterogeneous panels with multiple regressors
    • Pedroni, P. (1999). Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and Statistics, 61 631-652.
    • (1999) Oxford Bulletin of Economics and Statistics , vol.61 , pp. 631-652
    • Pedroni, P.1
  • 29
    • 0035601506 scopus 로고    scopus 로고
    • Purchasing power parity tests in cointegrated panels
    • Pedroni, P. (2001). Purchasing power parity tests in cointegrated panels. Review of Economics and Statistics, 83 727-731.
    • (2001) Review of Economics and Statistics , vol.83 , pp. 727-731
    • Pedroni, P.1
  • 30
    • 0000355656 scopus 로고
    • Devaluation, relative prices, and international trade: Evidence from developing countries
    • Reinhart, C. M. (1995). Devaluation, relative prices, and international trade: evidence from developing countries. IMF Staff Papers, 42 290-312.
    • (1995) IMF Staff Papers , vol.42 , pp. 290-312
    • Reinhart, C.M.1
  • 31
    • 0024931547 scopus 로고
    • The demand for LDC exports of manufactures: Estimates for Hong Kong: A rejoinder
    • Riedel, J. (1989). The demand for LDC exports of manufactures: estimates for Hong Kong: a rejoinder. Economic Journal, 99 467-470.
    • (1989) Economic Journal , vol.99 , pp. 467-470
    • Riedel, J.1
  • 32
    • 0000168365 scopus 로고    scopus 로고
    • Time series analysis of export demand equations: A cross-country approach
    • Senhadji, A. S., & Montenegro, C. E. (1999). Time series analysis of export demand equations: a cross-country approach. IMF Staff Papers, 46(3), 259-273.
    • (1999) IMF Staff Papers , vol.46 , Issue.3 , pp. 259-273
    • Senhadji, A.S.1    Montenegro, C.E.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.