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Investissement et rationnement sur le marché tunisien des importations de biens d'équipement

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  • Riadh Ben Jelili

    (LEGO - Laboratoire d'Economie et de Gestion de l'Ouest - UBS - Université de Bretagne Sud - UBO - Université de Brest - IMT - Institut Mines-Télécom [Paris] - IBSHS - Institut Brestois des Sciences de l'Homme et de la Société - UBO - Université de Brest - UBL - Université Bretagne Loire - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris])

Abstract

[eng] Disequilibria and Quantitative Adjustment on the Tunisian Intermediate and Capital Goods Import Market: An Estimate Using the Simulated Pseudo-Maximum Likelihood Method . byRiadhBenJelili . This article looks at a market that is particularly important to investment projects in Tunisia: the intermediate and capital goods market. We concentrate on a short-term outlook (with prices considered to be exogenous and fixed) and develop a disequilibrium model for the Tunisian intermediate and capital goods import market. This model integrates both supply and demand constraints. Furthermore, we introduce the possibility of investment behaviour adjusting to the disequilibrium situation observed on the market in question. By estimating this model using the simulated pseudo maximum likelihood method, we highlight the role of quantitative adjustments in reducing disequilibria. However, the adjustment is not total and the hypothesis of fixed prices would appear to be rather extreme. . [fre] Investissement et rationnement sur le marché tunisien des importations de biens d'équipement . par Riadh Ben Jelili . Dans cet article, nous nous intéressons à un marché particulièrement important pour la réalisation des projets d'investissement en Tunisie. Il s'agit du marché des importations de biens intermédiaires et d'équipement (BIE). Nous nous plaçons dans un horizon de court terme (les prix sont supposés exogènes et fixés), et développons un modèle de déséquilibre du marché tunisien des importations de BIE, qui intègre aussi bien les contraintes d'offre que les contraintes de demande. Nous introduisons en outre la possibilité d'ajustement du comportement d'investissement à la situation du déséquilibre observé sur le marché en question. L'estimation de ce modèle par le pseudo-maximum de vraisemblance simulé a permis de mettre en évidence le rôle des ajustements quantitatifs dans la résorption des déséquilibres. Cependant, cet ajustement n'est pas total et l'hypothèse de prix fixes s
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Riadh Ben Jelili, 1995. "Investissement et rationnement sur le marché tunisien des importations de biens d'équipement," Post-Print hal-03840553, HAL.
    • Handle: RePEc:hal:journl:hal-03840553
    DOI: 10.3406/ecop.1995.5729
    Note: View the original document on HAL open archive server: https://hal.science/hal-03840553
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    1. Benjelili, R. & Mihoubi,F., 1993. "Estimation des modèles de déséquilibre dynamiques : une application de la méthode du pseudo-maximum de vraisemblance," LATEC - Document de travail - Economie (1991-2003) 1993-04, LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS UMR 5118, Université de Bourgogne.
    2. Marquez, Jaime, 1985. "Foreign exchange constraints and growth possibilities in the LDCs," Journal of Development Economics, Elsevier, vol. 19(1-2), pages 39-57.
    3. Taylor, Lance, 1981. "South-north trade and southern growth : Bleak prospects from the structuralist point of view," Journal of International Economics, Elsevier, vol. 11(4), pages 589-602, November.
    4. Laroque, Guy & Salanie, Bernard, 1989. "Estimation of Multi-market Fix-Price Models: An Application of Pseudo Maximum Likelihood Methods," Econometrica, Econometric Society, vol. 57(4), pages 831-860, July.
    5. Khan, Mohsin S & Knight, Malcolm D, 1988. "Import Compression and Export Performance in Developing Countries," The Review of Economics and Statistics, MIT Press, vol. 70(2), pages 315-321, May.
    6. repec:crs:wpaper:9005 is not listed on IDEAS
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