Price Elasticities in International Trade: An Annotated Bibliography

373 Pages·1976·24.79 MB·English

by  Robert M. Stern

PRICE ELASTICITIES IN INTERNATIONAL TRADE
Also published for the Trade Policy Research Centre by Macmillan
Towards an Open World Economy
by Frank McFadzean et al.
World Agriculture in Disarray
by D. Gale Johnson
The Essentials of Economic Integration
by Victoria Curzon
Negotiating on Non-tariff Distortions of Trade
by Robert Middleton
Trade Effects of Public Subsidies to Private Enterprise
by Geoffrey Denton, Seamus O'Cleireacain and Sally Ash
Invisible Barriers to Invisible Trade
by Brian Griffiths
Technology and Economic Interdependence
by Harry G. Johnson
The Economics of the Oil Crisis
edited by T. M. Rybczynski
Public Assistance to Industry
edited by W. M. Carden and Gerhard Fels
Meeting the Third World Challenge
by Alasdair MacBean and V. N. Balasubramanyam
Agriculture and the State
edited by Brian Davey, T. E. Josling and Alister McFarquhar
Price Elasticities in
International Trade
An Annotated Bibliography
by
ROBERT M. STERN
JONATHAN FRANCIS
and
BRUCE SCHUMACHER
for the
Trade Policy Research Centre
London
©Trade Policy Research Centre 1976
Softcover reprint ofthe hardcover 1st edition 1976
All rights reserved. No part of this publication may be reproduced or transmitted,
in any form or by any means, without permission
First published 1976 by
THE MACMILLAN PRESS LTD
London and Basingstoke
Associated companies in New York
Dublin Melbourne Johannesburg and Madras
ISBN978-1-349-03139-9 ISBN 978-1-349-03137-5 (eBook)
DOI 10.1007/978-1-349-03137-5
This book is sold subject to
the standard conditions of the
Net Book Agreement
Trade Policy Research Centre
The Trade Policy Research Centre in London was established in
1968 to promote independent analysis and public discussion of
commercial and other international economic policy issues. It is
a privately sponsored· non-profit organisation and is essentially
an entrepreneurial centre under the auspices of which a variety
of activities are conducted. As such, the Centre provides a focal
point for those in business, the universities and public affairs
who are interested in international economic questions.
The Centre is managed by a Council which is headed by Sir
Frank McFadzean.
SIR FRANK MCFADZEAN
Chairman
PROFESSOR HARRY G. JOHNSON
Vice-Chairman and Director of Studies
PROFESSOR JOHN ASHTON PROFESSOR THEODORE HEIDHUES
SIR ALEC CAIRNCROSS PROFESSOR ASSAR llNDBECK
WILLIAM M. CLARKE FRANCO MATTEI
JAMES A. CLAY ALAN F. PETERS
W. M. CORDEN T. M. RYBCZYNSKI
PROFESSOR GERARD CURZON HON. MAXWELL STAMP
PROFESSOR HERBERT GIERSCH PROFESSOR llONEL STOLERU
SIR ALEXANDER GLEN PAUL STREETEN
SIDNEY GOLT MAURICE ZINKIN
HUGH CORBET
Director
The members of the Council, set out above, represent a wide
range of experience and expertise. Registered in the United King
dom as an educational trust under the Charities Act 1960, the
Centre and its research programmes are financed by foundation
grants, corporate donations and membership subscriptions.
vi Trade Policy Research Centre
Having general terms of reference, the Centre does not repre
sent any consensus of opinion. Intense international competition,
technological advances in industry and agriculture and new and
expanding markets, together with large-scale capital flows, are
having profound and continuing effects on international produc
tion and trading patterns. With the increasing integration and
interdependence of the world economy there is thus a growing
necessity to increase public understanding of the problems now
being posed and of the kind of solutions that will be required to
overcome them.
The principal function of the Centre is the sponsorship of
research programmes on policy problems of national and inter
national importance. Specialists in universities and private firms
are commissioned to carry out the research and the results are
published and circulated in academic, business and government
circles throughout the European Community and in other coun
tries. Meetings and seminars are also organised from time to time.
Publications are presented as professionally competent studies
worthy of public consideration. The interpretations and con
clusions in them are those of their authors and do not purport
to represent the views of the Council and others associated with
the Centre.
Contents
Trade Policy Research Centre v
Biographical Notes ix
Preface xi
Introduction xiii
Abbreviations XV
Part I RESUME OF THE BIBLIOGRAPHY
Estimation of Elasticities and Interpretation of Results 3
2 Synthesis of Selected Elasticity Results 12
Part II BIBLIOGRAPHICAL INDEXES
3 Bibliographical Index by Country or Region 29
4 Bibliographical Index by Commodity or Commodity
Group 49
5 Bibliographical Index by Author 52
Part Ill NOTES ON RECENT RESEARCH
6 Annotated Bibliography of Recent Research 73
Biographical Notes
ROBERT M. STERN, Professor of Economics at the University
of Michigan, has served as a consultant to the United Nations
Conference on Trade and Development and in the United States
to the Department of State, the Department of Labor and to
the Special Representative for Trade Negotiations in the Execu
tive Office of the President. He is the author of Foreign Trade
and Economic Growth in Italy, Balance of Payments: Theory
and Economic Policy and, with Edward E. Leamer, Quantitative
International Economics, while many of his articles have appear
ed internationally in major professional journals.
JONATHAN FRANCIS studied at the University of Saskatchewan,
in Canada, at Michigan State University and then at the University
of Michigan, where he completed his doctorate in 1975. Since
working on the present volume, he has joined the research staff of
the Bank of Canada, in Ottawa.
BRUCE SCHUMACHER, a graduate of Eastern Michigan Univer
sity, worked on this bibliography while engaged on postgraduate
studies at the University of Michigan. He is now an economist with
the Ford Motor Company in Plymouth, Michigan.
Preface
In the conduct of multilateral trade negotiations, information is
needed on price elasticities of import and export demand for
various countries and commodities in order to evaluate the im
pact of tariff reductions, and of reductions in non-tariff impedi
ments, on the international trade and economic welfare of the
negotiating countries.
In this volume is compiled an annotated bibliography of recent
research on the subject. It is based on work carried out at the
University of Michigan as part of the preparations of the United
States Administration for the Tokyo Round of multilateral trade
negotiations. The negotiations were formally launched, under
the auspices of the General Agreement on Tariffs and Trade, in
September 1973 and finally got down to business in February
1975. The study was sponsored by the Office of the Special Re
presentative for Trade Negotiations. In preparing the biblio
graphy, Robert Stern and his colleagues drew on earlier biblio
graphies, as is acknowledged in the Introduction.
Thereafter, the Trade Policy Research Centre arranged for
Professor Stern to modify and develop the bibliography, as well
as prepare an introductory section, so that it could be made
available to academic, business and government economists
around the world who have a professional interest in the quanti
fication of changes in international trade flows.
As with all publications for the Centre, it has to be emphasised
that the views expressed in the notes and resume are the responsi
bility of the authors, not necessarily reflecting those of the
Council or others associated with the Centre. For the Centre,
having general terms of reference, is concerned with the promo
tion of independent research and public discussion of internation
al economic policy issues.
HUGH CORBET
Director
London
Trade Policy Research Centre
Summer 1975