IDEAS home Printed from https://ideas.repec.org/p/fip/fedgif/277.html
   My bibliography  Save this paper

Can debtor countries service their debts? Income and price elasticities for exports of developing countries

Author

Listed:
  • Jaime R. Marquez
  • Caryl McNeilly

Abstract

Interest in income and price elasticities for international trade has increased recently because of the debt crisis that many developing countries are experiencing. Estimates of income elasticities of import demand, however, range from a low of 1.3 to a high of 4.7. Such differences have important implications for debtor and creditor countries alike. Using quarterly data for the period 1973-1981, this paper estimates income and price elasticities for non-oil imports of five major industrial countries from non-OPEC developing countries. The empirical results suggest that the income elasticity is closer to 1 than to 4.

Suggested Citation

  • Jaime R. Marquez & Caryl McNeilly, 1986. "Can debtor countries service their debts? Income and price elasticities for exports of developing countries," International Finance Discussion Papers 277, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgif:277
    as

    Download full text from publisher

    File URL: http://www.federalreserve.gov/pubs/ifdp/1986/277/default.htm
    Download Restriction: no
    File URL: http://www.federalreserve.gov/pubs/ifdp/1986/277/ifdp277.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Riveros, Luis A., 1989. "The impact of labor costs on manufactured exports in developing countries : an econometric analysis," Policy Research Working Paper Series 204, The World Bank.
    2. Catherine L. Mann, 1990. "Towards the next generation of newly industrializing economies: the roles for macroeconomic policy and the manufacturing sector," International Finance Discussion Papers 376, Board of Governors of the Federal Reserve System (U.S.).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedgif:277. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ryan Wolfslayer ; Keisha Fournillier (email available below). General contact details of provider: https://edirc.repec.org/data/frbgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.