Income and Price Elasticities for Exports of Developing Countries
估计了非欧佩克发展中国家非石油出口的收入和价格弹性,使用1973-1984年季度数据和两阶段最小二乘法,收入弹性在1.4到1.9之间,并检验了误差项、动态设定和参数稳定性。
Income and price elasticities for non-oil exports of non-OPEC developing countries play an imp ortant role in the development of policy responses to the debt crisis. These elasticities are estimated for the major Standard Internation al Trade Classification commodity groups. Based on two-stage least sq uares and quarterly data for 1973 to 1984, the income elasticity for non-oil exports ranges between 1.4 and 1.9. The analysis also tests t he properties of the error term, the dynamic specification, and para- metric stability. The sensitivity of the results is assessed using Sh iller's lags and band spectrum estimation. Copyright 1988 by MIT Press.