Demand and Supply Factors in the Determination of Nie Exports: A Simultaneous Error-Correction Model for Hong Kong: A Comment
指出Muscatelli等人声称用更优估计方法反驳Riedel关于香港是小国价格接受者的结论,实际上源于其对出口需求方程施加的不合理限制,而非方法优势。
Muscatelli, Srinivasan and Vines (EJ 1992) purported to refute Riedel's (EJ 1988) finding that Hong Kong is a small, price-taking country in workd markets. This comment shows, however, that MSV's results are due entirely to an unjustifiable restriction they imposed on the estimated export demand equation, and not the result of using a superior estimation technique, as they asserted.