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Application of Integral Calculus by A.K. Sharma PDF

By A.K. Sharma

ISBN-10: 8171419674

ISBN-13: 9788171419678

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Sample text

In some cases, so-called 'hedonic' or quality corrected price indices may be useful for separating the price effect of the quota from that due to product upgrading, but these procedures have not yet been employed in tests involving nontariff barriers. Quantitative Approaches to Trade-Barrier Analysis 41 While the methodologies are also as yet untested, 'limit pricing' models developed in the industrial organisation literature may be useful for assessing the effects of some nontariff trade barriers.

6) (5. j>o. ;l Quantitative Approaches to Trade-Barrier Analysis 35 of Germany and the United Kingdom, and the most with East and South Asia. Apparent NTBs affecting US trade with Germany were concentrated in agricultural products and processed foods, while they were clustered in office, computing and accounting machinery, motor vehicles and some other transport equipment in trade with Japan. While gravity-flow and related regression models have the potential to be useful for NTB analysis, they probably have not been developed sufficiently that they can be used without major reservations.

The regression coefficient for the general restriction index takes the expected negative sign and is statistically significant for the exporting, but not for the importing, countries. This was the case as well in the individual country results. The results employing separate restriction indexes were generally inconclusive since, in several cases, the regression coefficients were statistically significant, but with the opposite directional sign predicted by theory. Although the equations were able to 'explain' 80 to 90 per cent of the variation in trade flows the 'trade restriction' indices do not appear to have emerged as major explanatory variables.

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Application of Integral Calculus by A.K. Sharma

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