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The Importance of Rationing in International Trade : An Econometric Analysis for Germany

Author

Listed:
  • Wolfgang FRANZ

    (Universität Konstanz)

  • Gustav HEIDBRINK

    (Universität Konstanz)

Abstract

Within the context of a macroeconometric rationing model the importance of rationing for international trade flows is investigated. The model describes rationing barriers on domestic and foreign markets which lead to spillover effects on domestic imports and exports. The novelties of this study are the more detailed analysis of the dynamics of international trade flows and the use of business survey data as proxies for rationing barriers. The model is estimated for Germany. As a result rationing does influence trade flows to a non-negligible extent. Moreover, business survey data are a useful indicator for rationing but they do not outperform other proxies such as the degree of capacity utilization.

Suggested Citation

  • Wolfgang FRANZ & Gustav HEIDBRINK, 1992. "The Importance of Rationing in International Trade : An Econometric Analysis for Germany," Discussion Papers (REL - Recherches Economiques de Louvain) 1992036, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  • Handle: RePEc:ctl:louvre:1992036
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    Citations

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    Cited by:

    1. Franz, Wolfgang & Oser, Ursula & Winker, Peter, 1994. "A Macroeconometric Disequilibrium Analysis of Current and Future Migration from Eastern Europe into West Germany," Journal of Population Economics, Springer;European Society for Population Economics, vol. 7(2), pages 217-234.
    2. Franz, Wolfgang & Göggelmann, Klaus & Winker, Peter, 1996. "Ein makroökonometrisches Ungleichgewichtsmodell für die deutsche Volkswirtschaft 1960 bis 1994: Konzeption, Ergebnisse und Erfahrungen," Discussion Papers, Series II 327, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    3. Göggelmann, Klaus & Franz, Wolfgang & Winker, Peter, 1997. "Einige Wirkungen von steuerlichen Umfinanzierungsmaßnahmen in einem makroökonometrischen Ungleichgewichtsmodell für die westdeutsche Volkswirtschaft," ZEW Discussion Papers 97-19, ZEW - Leibniz Centre for European Economic Research.

    More about this item

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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