The Export function is an idea used in economic theories to measure exports. The total amount of exports, E, in a nation is mainly affected by two variables, see
import
An import is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade.
In international trade, the importation and exportation of goods are limited ...
, the total foreign absorption and the real exchange rate.
[Burda, Wyplosz (2005): Macroeconomics: A European Text, Fourth Edition, Oxford University Press
]
E = E(A*,σ) Where A* and σ are variable functions related to the total foreign absorption and the real exchange rate.
For an explanation of the positive and negative relationship between exports and absorption and the real exchange rate, see import
See also
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Import
An import is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade.
In international trade, the importation and exportation of goods are limited ...
*
export
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ...
*
elasticity (economics)
In economics, elasticity measures the percentage change of one economic variable in response to a percentage change in another. If the price elasticity of the demand of something is -2, a 10% increase in price causes the demand quantity to fall b ...
Notes and references
Export
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