This paper provides new evidence on export price elasticities by analyzing the cases of China, France, Germany, Italy, Japan, UK and the USA over the period 1990-2012. Estimates have been made using panel data techniq...This paper provides new evidence on export price elasticities by analyzing the cases of China, France, Germany, Italy, Japan, UK and the USA over the period 1990-2012. Estimates have been made using panel data techniques for non-stationary data. After demonstrating that long-run relationships are stable to any structural break, it is found that exports are significantly determined by foreign demand, with long-run income elasticity significantly higher than unity for China, Japan, Germany, the UK and the USA. Conversely, exports are price inelastic for most of the countries in the sample, in both the long run and the short run. The exception is France, whose export price elasticity is lower （higher） than unity in the short run （long run）.展开更多
By the middle of 2005, many Chinese textile and clothing enterprises were unable to continue business. Because of the safeguard actions invoked by WTO member countries, especially the USA, the EU and some developing c...By the middle of 2005, many Chinese textile and clothing enterprises were unable to continue business. Because of the safeguard actions invoked by WTO member countries, especially the USA, the EU and some developing countries, such as Turkey and Mexico, a stable and predictable overseas market no longer exists for export-oriented Chinese firms. It had actually been predicted that China would be the big winner after the elimination of the global quota system on 1 January 2005. What has happened to China＇s textile and clothing industries？ What are the prospects for them over the next few years？ Using a partial equilibrium analysis framework, this paper finds that China was the big loser under the quota system before 2005, and that China will be the big loser once again after the ending of that system.展开更多
文摘This paper provides new evidence on export price elasticities by analyzing the cases of China, France, Germany, Italy, Japan, UK and the USA over the period 1990-2012. Estimates have been made using panel data techniques for non-stationary data. After demonstrating that long-run relationships are stable to any structural break, it is found that exports are significantly determined by foreign demand, with long-run income elasticity significantly higher than unity for China, Japan, Germany, the UK and the USA. Conversely, exports are price inelastic for most of the countries in the sample, in both the long run and the short run. The exception is France, whose export price elasticity is lower （higher） than unity in the short run （long run）.
基金This study wassupported by the National Science Foundation of China (70373063)
文摘By the middle of 2005, many Chinese textile and clothing enterprises were unable to continue business. Because of the safeguard actions invoked by WTO member countries, especially the USA, the EU and some developing countries, such as Turkey and Mexico, a stable and predictable overseas market no longer exists for export-oriented Chinese firms. It had actually been predicted that China would be the big winner after the elimination of the global quota system on 1 January 2005. What has happened to China＇s textile and clothing industries？ What are the prospects for them over the next few years？ Using a partial equilibrium analysis framework, this paper finds that China was the big loser under the quota system before 2005, and that China will be the big loser once again after the ending of that system.
