The authors analyze the U.S. demand for Bangladeshi imports for products restricted under the Multifiber Arrangement. Because Bangladesh is only a small supplier of these products and Latin American and Asian countries can supply close substitutes, the authors expected a high elasticity of demand for Bangladeshi imports, and they found consistently high estimates based on statistically significant coefficients. Their finding accords with trade theorists'...
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详细
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1996/12/31
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政策研究报告
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WPS1712
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1
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1
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2010/07/01
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Demand elasticities in international trade : are they really low?
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utility function