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| Ahmadi-Esfahani, Fredoun Z.; Anderson, Glenn Michael. |
| The elasticity of price transmission measures the extent to which a change in world prices will be transmitted to an importing country, with an elasticity of less than one being attributed to trade barriers. Recent research highlights the role that multinational trading companies may play in impeding price transmission. Further, in markets characterised by monopolistic competition an estimate of the partial elasticity of demand may be of limited practical value if no account is taken of the reaction of competitors. In this paper the potential for market structure to affect price transmission and trade elasticities is demonstrated. The elasticity of price transmission has been central to a revised approach to estimation of trade elasticities and has been... |
| Tipo: Presentation |
Palavras-chave: Elasticity; Price transmission; Trade barriers; Monopolistic competition; International Relations/Trade. |
| Ano: 1999 |
URL: http://purl.umn.edu/122328 |
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| Ahmadi-Esfahani, Fredoun Z.; Anderson, Glenn Michael. |
| Constant market shares (CMS) analysis compares the actual export growth performance of a country with the performance that would have been achieved if the country had maintained its exports relative to some standard. The approach was first applied to international trade in the 1950s and has generally been used to analyse trading patterns and, in particular, the extent to which poor export performance can be attributed to a loss of ‘competitiveness’. However, the approach has been open to objections as a tool of description and diagnosis. Recent revisions appear to meet objections concerning its role as a descriptive tool. However, CMS analysis remains open to objections as a diagnostic tool owing to the strict theoretical conditions required to yield an... |
| Tipo: Presentation |
Palavras-chave: Marketing. |
| Ano: 1999 |
URL: http://purl.umn.edu/122329 |
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