Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46932
Authors: 
Fischer, Malte
Year of Publication: 
1996
Series/Report no.: 
Kiel Working Paper 782
Abstract (Translated): 
Which factors determine the prices of West German expörts and imports? To answer this question, two single equation error correction modeis are applied. Export prices turn out to be mainly determined by prices for concurrent goods proiduced abroad, whereas unit labor costs and the nominal exchange-rate of the D-Mark only have minor impacts on export prices. Import prices are significantly influenced by producer prices abroad, domestic prices for import substitutes, the nominal exchange-rate of the D-Mark and — to a smaller degree — by commodity prices. The modeis are fmally used to simulate the reaction of export and import prices to changes of the exogenous variables.
Subjects: 
International Trade
Time-Series Models
Simulations
JEL: 
C22
F17
Document Type: 
Working Paper

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