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A theoretical foundation for Constant Market Share analysis | SpringerLink
Constant Market Share CMS analysis is a popular tool for analyzing changes in exports of a country. Nevertheless, its theoretical foundations and policy relevance have been questioned. In this paper, we provide such a foundation by relating CMS analysis to a two-stage homothetic demand model.
An indication of the empirical relevance of this relationship is given by comparing the CMS analysis with a two-stage Constant Elasticity of Substitution demand model applied to — data of the Economic and Social Commission for Asia and the Pacific ESCAP. This is a preview of subscription content, access via your institution. Rent this article via DeepDyve. Armington PS a A theory of demand for products distinguished by place of production.
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Wold HOA A generalization of causal chain models. Download references. Department dissertation on share market analysis Econometrics, Free University, P. Box, MC Amsterdam, The Netherlands. You can also search for this author in PubMed Google Scholar. Reprints and Permissions. Merkies, A. A theoretical foundation for Constant Market Share analysis. Empirical Economics 13, 65—80 Download citation. Revised : 15 February Issue Date : June Anyone you share the following link with will be able to read this content:.
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