The volume of trade in differentiated intermediate goods: theory and evidence
Article Abstract:
A model of bilateral trade between importing and exporting countries trading in differentiated intermediate goods was presented. Trade data from 21 OECD countries with 20 trading partners in 1985 were examined. It was posited that the production structure of an importing country will determine its import volume. This is because intermediate goods will still be processed into final goods for consumption. It was concluded, however, that there was no correlation between a country's production structure and bilateral trade volume.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Cost functions and nonlinear prices: estimating a technology with quality-differentiated inputs
Article Abstract:
A new method was created to estimate a production technology involving bundled inputs. The method takes into consideration a case function situation where nonlinear prices are parameters of costs. Application of the method to the case of coal-fired electric power generation where fuel quality relies on sulfur and ash impurities showed that the recent fall in the price of sulfur allowances in the US can be greatly attributed to technological change.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
U.S. production technology and the effects of imports on the demand for primary factors
Article Abstract:
A positive relationship exists between imports and the demand for primary factors. Utilization of a unit cost function revealed that the positive, downstream-production-related, employment impacts of the majority of imports generate a net increase in labor demand. Specifically, liberalization efforts related to majority of imports creates a positive effect on job creation.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Bounded rational learning in differential information economies: core and value. An equivalence theorem for a differential information economy
- Abstracts: Differential interpretation of information in inflation forecasts. The role of commodity prices in formulating monetary policy
- Abstracts: The evolution of sales forecasting management: a 20-year longitudinal study of forecasting practices. Forecasting the dollar/euro exchange rate: are international parities useful?
- Abstracts: Chaotic dynamics in quasi-static systems: theory and applications. Capital market equilibrium with moral hazard and flexible technology
- Abstracts: Negative externalities may cause delay in negotiation. Intertemporal population ethics: critical-level utilitarian principles