haku: @indexterm Korea, south / yhteensä: 169
viite: 101 / 169
| Tekijä: | Athukorala, P. Riedel, J. |
| Otsikko: | The small country assumption : a reassessment with evidence from Korea. |
| Lehti: | Weltwirtschaftliches Archiv
1991 : VOL. 127:1, p. 138-151 |
| Asiasana: | ECONOMIC CONDITIONS KOREA, SOUTH |
| Kieli: | eng |
| Tiivistelmä: | 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. |
SCIMA