Trade elasticities in Mercosur
This paper provides estimates of trade elasticities for a group of countries that are part of Mercosur using a model of error correction. The results show a low elasticity of exported and imported volumes to changes in the real effective exchange rate. The income elasticity of imports is higher with...
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| Formato: | Artículo publishedVersion |
| Lenguaje: | Español |
| Publicado: |
2019
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| Acceso en línea: | http://bibliotecadigital.econ.uba.ar/econ/collection/rimf/document/rimf_v8_n1_02 https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=modelfin&d=rimf_v8_n1_02_oai |
| Aporte de: |
| Sumario: | This paper provides estimates of trade elasticities for a group of countries that are part of Mercosur using a model of error correction. The results show a low elasticity of exported and imported volumes to changes in the real effective exchange rate. The income elasticity of imports is higher with respect to the income elasticity of exports in two of the four countries. Real effective exchange rate volatility has a negative effect on trade volumes with the greatest impact on imports. |
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