01760cas a2200253 a 4500 AALejournalIMF009684 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451868296 1018-5941 BD-DhAAL BD-DhAAL Aziz, Jahangir. China's Changing Trade Elasticities / Jahangir Aziz, Xiangming Li. Washington, D.C. : International Monetary Fund, 2007. 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 China's sectoral trade composition, product quality mix, and import content of processing exports have all changed substantially during the past decade. This has rendered trade elasticities estimated using aggregate data highly unstable, with more recent data pointing to significantly higher demand and price elasticities. Sectoral differences in these parameters are also very wide. All this suggests greater caution in using historical data to simulate the response of the China's economy to external shocks and exchange rate changes. Analyses based on models whose estimated coefficients largely reflect the China of the 1980s and 1990s are likely to turn out to be wrong, perhaps even dramatically. Mode of access: Internet Li, Xiangming. IMF Working Papers; Working Paper ; No. 2007/266 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/266/001.2007.issue-266-en.xml IMF e-Library