NEW PRODUCT VARIETIES AND THE MEASUREMENT OF INTERNATIONAL PRICES

被引：158

作者：

FEENSTRA, RC ^{[1
]}

机构：

[1] NATL BUR ECON RES,CAMBRIDGE,MA 02138

来源：

AMERICAN ECONOMIC REVIEW | 1994年 / 84卷 / 01期

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The high income elasticity of demand often estimated for US. imports may be a spurious result of omitting new product varieties from the import price indexes. The purpose of this paper is to demonstrate how to incorporate new product varieties into a constant-elasticity-of-substitution aggregate of import prices. This method is applied to U.S. imports of six disaggregate manufactured goods. It is shown that the corrected indexes are able to account for part - but not all-of the high income elasticities.

引用

页码：157 / 177

页数：21

共 24 条

[1]

ALTERMAN W, 1991, NBER STUDIES INCOME, V55, P109

[2] GROUPED-DATA ESTIMATION AND TESTING IN SIMPLE LABOR-SUPPLY MODELS [J].