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Growth, Expansion of Markets, and Income Elasticities in World Trade

Growth, Expansion of Markets, and Income Elasticities in World Trade »

Source: Growth, Expansion of Markets, and Income Elasticities in World Trade

Volume/Issue: 2005/11

Series: IMF Working Papers

Author(s): Yi Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2005

ISBN: 9781451860306

Keywords: Income elasticity, Houthakker-Magee effect, 45-degree rule, income elasticities, equations, statistics, cointegration, import demand,

The Houthakker-Magee effect implies that a country facing unfavorable income elasticities in trade must either grow at a slower rate than its trading partners or experience a trend worsening of its current account...

Growth, Expansion of Markets, and Income Elasticities in World Trade

Growth, Expansion of Markets, and Income Elasticities in World Trade »

Volume/Issue: 2005/11

Series: IMF Working Papers

Author(s): Yi Wu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2005

DOI: http://dx.doi.org/10.5089/9781451860306.001

ISBN: 9781451860306

Keywords: Income elasticity, Houthakker-Magee effect, 45-degree rule, income elasticities, equations, statistics, cointegration, import demand,

The Houthakker-Magee effect implies that a country facing unfavorable income elasticities in trade must either grow at a slower rate than its trading partners or experience a trend worsening of its current account...