search query: @author Athukorala, P. / total: 4
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| Author: | Athukorala, P. Riedel, J. |
| Title: | The small country assumption : a reassessment with evidence from Korea. |
| Journal: | Weltwirtschaftliches Archiv
1991 : VOL. 127:1, p. 138-151 |
| Index terms: | ECONOMIC CONDITIONS KOREA, SOUTH |
| Language: | eng |
| Abstract: | The small country assumption is routinely used in theoretical investigations they are however not corroborated by economic findings. Price elasticities of export demand usually fall in the -1,0 -0,5 range. The article suggests an alternative test of the small country assumption based on the inverse form of the demand function. Three conditions of a country being small are investigated: whether export prices match world prices; whether export prices are invariant to the quantity exported; whether fluctuations in world income have significant influence on export. None of the conditions could be rejected for Korean export of machinery and transport equipment. |
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