The international trade consists of two components, volume and price. price component is a deflator for trade. Meanwhile, the can be regarded as real condition In this paper, author tries to explain relationship between export import volumes according theoretical basis. response variable quantity (volume) imports exports. control variables, such GDP REER, are in accordance with "imperfect subst...

Assuming preferences to be generated by an aggregate utility function, an aggregate demand function for imports and exports is defined as a function of import and export prices and the deficit in the balance of payments on current account, in a model with nontradable as well as traded goods. It is shown that this function is integrable, hence can be generated by maximizing a utility function (w...

Against the background of large fluctuations in world commodity prices and global growth, combined with ongoing structural changes relating to globalisation, this paper examines some of the key factors affecting global inflation. The paper investigates the effects of shocks affecting relative prices and structural changes on global inflation by: estimating a global vector autoregression (GVAR) ...

International trade of horticultural commodities is increasingly important in many regions of the world, yet import patterns of key horticultural crops are understudied in the agricultural economics literature. Using data between 1991 and 2005, we estimate the drivers of per capita import demand for six of the most highly traded horticultural commodities. The own price elasticity estimates were...

For many years the national alcohol policies of Nordic countries have been an important foundation for efforts to reduce per capita alcohol consumption and associated alcohol harm, including establishing production, import, and retail monopolies in four of the Nordic Countries, Sweden, Iceland, Finland, and Norway. The membership of Finland and Sweden as well as the economic treaty agreement of...

Trade and food security discussions have changed significantly in recent years, reflecting a more general change in perspective on “the right price of food” (Swinnen 2011). Until 2007 the dominant view was that low prices for agricultural products were causing poverty and food insecurity among poor households in developing countries. Trade policy discussions emphasized the importance of reducin...

The sharp increase in Australia's terms of trade since 2003-04 has dramatic regional and sectoral implications. Mining-intensive regions have gained from the jump in export prices. Import-competing sectors have faced greater competition both from falling import prices and due to rising demand for domestic factors from the mining sectors. The drought of 2006 will widen the gap between winning an...