This paper analyses the behaviour of the functions of importing and exporting goods by maritime transport mode in Spain during the period 1994.I–1998. IV Cointegration techniques are used in the estimations to obtain long-term price and income elasticities. These estimations can be used to assess the effects of price modifications in the volume of imports and exports and, hence, to carry out forecasts on international trade and maritime transport.
Price Elasticity Relative Price Liquid Bulk Income Elasticity Solid Bulk
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