Arbeitspapier
Exports and Capacity Constraints: Evidence for Several Euro Area Countries
We argue that, under certain conditions, firms consider exports as a substitute for domestic demand. Our econometric model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export equations. We apply the exponential and logistic variant of a smooth transition regression model and find that domestic demand developments are relevant for short-run export dynamics particularly during more extreme stages of the business cycle. A substitutive relationship between domestic and foreign sales can most clearly be found for Spain, Portugal and Italy, providing evidence of the importance of sunk costs and hysteresis in international trade.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5455
- Klassifikation
-
Wirtschaft
Empirical Studies of Trade
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Econometric Modeling: General
Model Construction and Estimation
Trade: General
- Thema
-
domestic demand pressure
error-correction models
hysteresis
modelling techniques
smooth transition models
exports
sunk costs
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Belke, Ansgar
Oeking, Anne
Setzer, Ralph
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Belke, Ansgar
- Oeking, Anne
- Setzer, Ralph
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015
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