JOURNAL ARTICLE
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Wechselkurs-, Preis- und Angebotseffekte freiwilliger Exportbeschränkungen
Eine Makroanalyse des Exportlandes
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 110 (1990), Iss. 2 : pp. 169–183
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Article Details
Lang, Franz Peter
Abstract
This study analysis macroeconomic effects of discriminating, voluntary export restraints (VER) on the exporting country in a system of flexible exchange-rates. The model combines micro- and macroelements and illustrates the typical aspects of the group of countries, that practices VERs (market segmentation of the export market, market power on the export market, price-taker on the import market, absence of an import substution sector etc.). It shows the conditions, which lead to expansive (contractive) supply-side-effects even if the free export price falls (increases).