Foreign Trade Behavior in a Small Open Economy (Belgium 1970-1980)
研究了比利时制造业1970年代的出口行为，同时估计供给和需求曲线，分析价格与数量的双向关系，评估贸易稳定性、出口商定价策略及国际市场份额变化。
Unlike imports, an infinite price elasticity of supply is not a realistic assumption for exports, especially in the short run and fora small country. This is why a simultaneous approach is developed to appraise the export behavior of the Belgian manufacturing industry during the 1970s. Both a supply and demand curve are specified and estimated simultaneously in view of the two-way relationship between price and quantity. The estimates are used to assess the stability of foreign trade, the pricing policy of exporters, and the evolution of their international market shares. Copyright 1987 by The editors of the Scandinavian Journal of Economics.