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THE ELASTICITY OF DEMAND FOR THE EXPORTS OF A SINGLE COUNTRY — A RECONSIDERATION

THE ELASTICITY OF DEMAND FOR THE EXPORTS OF A SINGLE COUNTRY — A RECONSIDERATION One country's exports of a particular commodity are usually imperfect substitutes for similar exports from other countries. Consequently, the price elasticity of export demand involves unknown cross elasticities between sub‐groups of the commodity. However, there are constraints on the relative magnitudes of all the sub‐group elasticities. These make it possible to assess the degree to which the whole commodity elasticity divided by the market share is an over‐estimate of the export elasticity. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

THE ELASTICITY OF DEMAND FOR THE EXPORTS OF A SINGLE COUNTRY — A RECONSIDERATION

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Publisher
Wiley
Copyright
Copyright © 1971 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1971.tb00080.x
Publisher site
See Article on Publisher Site

Abstract

One country's exports of a particular commodity are usually imperfect substitutes for similar exports from other countries. Consequently, the price elasticity of export demand involves unknown cross elasticities between sub‐groups of the commodity. However, there are constraints on the relative magnitudes of all the sub‐group elasticities. These make it possible to assess the degree to which the whole commodity elasticity divided by the market share is an over‐estimate of the export elasticity.

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Aug 1, 1971

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