무역의 외연영역과 수입수요 함수

Title
무역의 외연영역과 수입수요 함수
Other Titles
The Import Demand Equation with the Extensive Margin and an Empirical Analysis
Author(s)
강기천
Keywords
수입수요; 외연영역; 새로운 상품; 소득탄력성; import demand; extensive margin; new goods; income elasticity
Issue Date
201405
Publisher
한국경제통상학회
Citation
경제연구, v.32, no.2, pp.221 - 248
Abstract
It is well-known that income elasticities in the standard import demand equation may be over-estimated because of the omission of new goods. Following this line of reasoning, this paper suggests an import demand equation that incorporates the extensive margin and then estimates the effect of new goods on income elasticities. This paper shows that income elasticities are upward biased by approximately 115% when the effects of new goods are not taken into account, using Korean export data. This paper proposes a new sophisticated import demand equation that is useful for estimating un-biased income elasticities.
URI
http://hdl.handle.net/YU.REPOSITORY/32089
ISSN
1225-861X
Appears in Collections:
상경대학 > 경제금융학부 > Articles
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