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Título:
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An Alternative Model for the Trade Balance of Countries with Open Economies: The Spanish Case
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Autores:
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Sastre, Luis
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Tipo de documento:
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texto impreso
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Editorial:
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Instituto Complutense de Estudios Internacionales (ICEI), 2005
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Dimensiones:
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application/pdf
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Nota general:
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cc_by_nc
info:eu-repo/semantics/openAccess
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Idiomas:
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Palabras clave:
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Estado = Publicado
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Materia = Ciencias Sociales: Economía: Econometría
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Materia = Ciencias Sociales: Economía: Desarrollo económico
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Materia = Ciencias Sociales: Economía: Comercio
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Tipo = Documento de trabajo o Informe técnico
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Resumen:
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The aim of this work is to presents an alternative to the traditional models used to explain the behaviour of the trade balance in Spain. This model could be useful for others medium sized and fairly open countries. The specification highlights both, first the simultaneous and direct interdependence of exports and imports flows, and second the countercyclical impact of the domestic demand on exports and the impact of investment on imports and some of its theoretical implications. Non linear simultaneous estimation, cointegration techniques, and a battery of specification tests are the econometric tools applied in the paper.
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En línea:
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https://eprints.ucm.es/id/eprint/10532/1/WP_02-05.pdf
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