The debate concerning the demand for NIE exports and the small country assumption a critical review

According to the author, the fact that a newly industrialising economy (NIE) such as Hong Kong has not suffered deteriorating terms of trade as its exports sales have grown rapidly can be explained equally well in terms of high income elasticity or high price elasticity of the world demand for its e...

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Veröffentlicht in:The Singapore economic review
1. Verfasser: Nguyen, Tin (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 1996
Schlagworte:
Exportdiversifizierung > Export > Einkommenselastizität der Nachfrage > Preiselastizität > Zwei-Länder-Modell > Theorie > Schwellenländer > Entwicklungsmodell > Wirtschaftstheorie > Hongkong > Übersichtsarbeit > Aufsatz in Zeitschrift
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Beschreibung
Zusammenfassung:According to the author, the fact that a newly industrialising economy (NIE) such as Hong Kong has not suffered deteriorating terms of trade as its exports sales have grown rapidly can be explained equally well in terms of high income elasticity or high price elasticity of the world demand for its exports. He takes a critical look at these theories and points out that empirical evidence of the NIEs appears to be clearly against the small country assumption. (DÜI-Sen)
Beschreibung:NIE = Newly industrialising economy
ISSN:0217-5908