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World Trade Model Revised Estimates

This paper presents updated and revised estimates for the World Trade Model. The model estimates import and export price and volume relationships for each of three types of merchandise trade--manufactured, raw material, and agricultural--for 14 of the largest industrial countries. The extended data...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1988
Series:IMF Working Papers
Subjects:
Manufacturing Industries
Inflation
Farm Produce
Deflation
Manufacturing
Trade: General
Exports And Imports
International Economics
Economic Sectors
Agriculture: General
Industry Studies: Manufacturing: General
Industries: Manufacturing
Investments: Commodities
Price Level
Commodities
International Trade
Exports
Prices
Macroeconomics
Agricultural Commodities
Investment & Securities
Export Prices
Imports
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper presents updated and revised estimates for the World Trade Model. The model estimates import and export price and volume relationships for each of three types of merchandise trade--manufactured, raw material, and agricultural--for 14 of the largest industrial countries. The extended data set has generally resulted in estimated price and volume equations that fit the data better than previous versions of the model. In addition, the simulation properties of the model have been enhanced by imposing long-run activity elasticities of unity on the activity terms in the demand for imported manufactures equations
Physical Description:42 pages
ISBN:9781451970968

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