01667cas a2200241 a 4500 AALejournalIMF000925 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849578 1018-5941 BD-DhAAL BD-DhAAL Bayoumi, Tamim. Estimating Trade Equations from Aggregate Bilateral Data / Tamim Bayoumi. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper uses bilateral data on 420 merchandise trade flows between 21 industrial countries are used to estimate standard trade equations. The data set of over 11,000 observations allows the underlying elasticities to be estimated with considerable precision. Remarkably, a single specification appears to explain behavior across these countries in spite of the large number of individual flows analyzed. The results indicate a powerful long-run effect from supply on exports. Also, the real exchange rate elasticity depends upon the behavior of third country exchange rates. There is evidence of pricing to market and of a J-curve. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/074 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/074/001.1999.issue-074-en.xml IMF e-Library