Modeling Price and Quantity Relations for Danish Manufacturing Exports
为丹麦制造业出口构建了一个结构计量模型，发现长期中存在加成定价和出口需求关系，短期存在定价对市场效应，且定价关系在汇率大幅波动期间保持稳定。
This article develops a structural econometric model for Danish manufacturing exports. The cointegrating relations of the model are determined to be a markup pricing relation and an export demand relation, whereas the short-run structure shows pricing-to-market effects. Both long-run and short-run pricing relations are found to be empirically constant during a period of large exchange-rate variations. The model isolates the main interactions between the foreign-trade sector, the exchange rate, and domestic variables, which played a key role in the external adjustment of the economy during the sample period.