Description
Multiply exportValue and importValue separately by their elasticity and signed exchangeChange.
Economic models simplify behavior through supplied technologies, coefficients, elasticities, or baselines. A calculated term reflects those assumptions rather than estimating them or proving causation.
Multiply exportValue and importValue separately by their elasticity and signed exchangeChange.
When to use this tool
Use External Adjustment Netexport Exchange Sensitivity when you need one explicit economic-model term.
How to use the tool and how it works
- Enter exportValue, importValue, exportElasticity, importElasticity, exchangeChange. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read exportChange, importChange, netExportChange. Use the output convention below.
Multiply exportValue and importValue separately by their elasticity and signed exchangeChange. Subtract the import change from the export change for netExportChange.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| exportValue | Export Value | Required. Finite number; minimum 0. |
| importValue | Import Value | Required. Finite number; minimum 0. |
| exportElasticity | Export Elasticity | Required. Finite number. |
| importElasticity | Import Elasticity | Required. Finite number. |
| exchangeChange | Exchange Change | Required. Finite number. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| exportChange | Export Change | Required. Finite number. |
| importChange | Import Change | Required. Finite number. |
| netExportChange | Net Export Change | Required. Finite number. |
{
"input": {
"exportValue": 100,
"importValue": 80,
"exportElasticity": 0.5,
"importElasticity": -0.2,
"exchangeChange": 0.1
},
"output": {
"exportChange": 5,
"importChange": -1.6,
"netExportChange": 6.6000000000000005
}
}Limitations and assumptions
- This is a first-order supplied sensitivity model; sign conventions, elasticities, and valuation effects must be chosen consistently.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Estimate and validate a complete model using suitable data and report its assumptions and uncertainty.
References
Similar or alternative tools
- Exchange Rate Pass Through One Step
For useLogChange, compute exp(passThroughElasticity × exchangeRateChangeFraction).
- Gravity Trade Economic Mass Term
Raise positive GDP inputs to their supplied elasticities, multiply by nonnegative coefficient, and divide by distance raised to distanceElasticity.