This paper studies the main export function features of twelve top clothing exporters (China, Hong Kong, France, Germany, India, Indonesia, Italy, Netherlands, Spain, Turkey, UK and USA) in the period between 1992 and 2011. Price and income elasticities are estimated for each economy using a panel data approach, after controlling for nonstationarity, cointegration and Granger causality. Rolling regressions are also performed, and show the existence of some elasticities instability over time, fundamentally related to the profound economic and institutional changes affecting the clothing trade in the period under consideration. The analysis suggests that most advanced economies, including Hong Kong, changed their position in the global value chain towards an "organizational" role. China confirms its leadership in clothing exports although its rising price elasticity sounds a warning with regard to future prospects.

Baiardi, D., Bianchi, C., Lorenzini, E. (2015). The price and income elasticities of the top clothing exporters: Evidence from a panel data analysis. JOURNAL OF ASIAN ECONOMICS, 38, 14-30 [10.1016/j.asieco.2015.03.003].

The price and income elasticities of the top clothing exporters: Evidence from a panel data analysis

BAIARDI, DONATELLA;
2015

Abstract

This paper studies the main export function features of twelve top clothing exporters (China, Hong Kong, France, Germany, India, Indonesia, Italy, Netherlands, Spain, Turkey, UK and USA) in the period between 1992 and 2011. Price and income elasticities are estimated for each economy using a panel data approach, after controlling for nonstationarity, cointegration and Granger causality. Rolling regressions are also performed, and show the existence of some elasticities instability over time, fundamentally related to the profound economic and institutional changes affecting the clothing trade in the period under consideration. The analysis suggests that most advanced economies, including Hong Kong, changed their position in the global value chain towards an "organizational" role. China confirms its leadership in clothing exports although its rising price elasticity sounds a warning with regard to future prospects.
Articolo in rivista - Articolo scientifico
Clothing exports; Panel data analysis; Parameter stability; Price and income elasticities
English
14
30
17
Baiardi, D., Bianchi, C., Lorenzini, E. (2015). The price and income elasticities of the top clothing exporters: Evidence from a panel data analysis. JOURNAL OF ASIAN ECONOMICS, 38, 14-30 [10.1016/j.asieco.2015.03.003].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/107311
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