Econometric Models of Foreign Trade in OECD Countries

17 Pages Posted: 14 Aug 2008

See all articles by Maria-Carmen Guisan

Maria-Carmen Guisan

University of Santiago de Compostela

M.T. Cancelo

affiliation not provided to SSRN

Date Written: August, 13 2008

Abstract

This article presents some econometric models that have into account both supply and demand sides as determinants of real Exports, and the important relationships that exist between industrial development and foreign trade. The models also focus on the positive role that human capital plays to reduce external debt, by fostering the evolution of exports and favouring the increase of imports necessary for industrial development. The dynamic models are estimated with data of 25 OECD countries during the period 1960-97 and we find stability of coefficients among countries.

Keywords: Exports, Imports, International Prices, External Trade, Foreign Trade, OECD Countries

JEL Classification: C51, F1, F14, F17, O51, O52, O57

Suggested Citation

Guisan, Maria-Carmen and Cancelo, Maria Teresa, Econometric Models of Foreign Trade in OECD Countries (August, 13 2008). Applied Econometrics and International Development, Vol. 2, No. 2, 2002, Available at SSRN: https://ssrn.com/abstract=1223763

Maria-Carmen Guisan (Contact Author)

University of Santiago de Compostela ( email )

Faculty of Economics and Business
Santiago de Compostela, A Coruña 15704
Spain

HOME PAGE: http://www.usc.es/economet/guisan.htm

Maria Teresa Cancelo

affiliation not provided to SSRN

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