TY  - JOUR
AB  - A switching regression model is employed to test for the presence
of financial constraints in the determination of oil exporters′ imports
from industrial countries. The main assumption of the model is the
exogenous determination of this bloc′s terms of trade. The analysis uses
both discrete and smooth‐switching techniques for estimating
disequilibrium models. The results on the whole indicate the importance
of financial constraints in trade. Further support for the framework is
provided by the fact that separate estimations for the high and low
absorbers appear to suggest that revenue from trade has been of greater
importance for the former category.
VL  - 17
IS  - 5
SN  - 0144-3585
DO  - 10.1108/EUM0000000000144
UR  - https://doi.org/10.1108/EUM0000000000144
AU  - Samiei S.H.
PY  - 1990
Y1  - 1990/01/01
TI  - Testing for Balance of Payment Constraints: The Case of the Oil Exporters
T2  - Journal of Economic Studies
PB  - MCB UP Ltd
Y2  - 2024/04/24
ER  -