Simultaneous estimation of income and price elasticities of export demand, scale economies and total factor productivity growth for Brazil

Authors: Mutz, Christine1; Ziesemer, Thomas2

Source: Applied Economics, Volume 40, Number 22, November 2008 , pp. 2921-2937(17)

Publisher: Routledge, part of the Taylor & Francis Group

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Abstract:

This article focuses on a growth model in which (unlike other models) low (high) export demand elasticities and the fact that developing countries are importers of capital goods help explaining the slow (high) growth of these countries in the transition and in the steady state. The question arises whether export demand elasticities are low or high. For answering this question, export demand elasticities for the case of Brazil are obtained by estimation of the model. As a by-product of estimating the model, we obtain estimates for total-factor productivity growth and for scale economies. Based on the results from estimation we calculate steady-state growth rates, engine and handmaiden effects of growth as well as dynamic steady-state gains from trade. The model and the results are discussed in regard to several strands of literature.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840600993916

Affiliations: 1: Leipzig Graduate School of Management, Leipzig, Germany 2: Department of Economics and UNU-MERIT, Maastricht University, NL 6200 MD Maastricht

Publication date: November 1, 2008

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