Shigeyuki, Hamori and Yoichi, Matsubayashi (2009): Empirical Analysis of Export Demand Behavior of LDCs: Panel Cointegration Approach. Published in: Economics Bulletin , Vol. 29, No. 3 (August 2009): pp. 1996-2005.
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Abstract
In this paper, we use panel data to empirically analyze the stability of the export functions of LDCs for the period 1980-2004 using the nonstationary panel time series analysis. We find that the use of panel data for the region of the LDC clearly supports a cointegrating relationship. Our empirical results also show that price elasticity ranges between -0.24 and -0.34 and income elasticity ranges between 1.36 and 1.79 for the panel of LDCs.
Item Type: | MPRA Paper |
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Original Title: | Empirical Analysis of Export Demand Behavior of LDCs: Panel Cointegration Approach |
Language: | English |
Keywords: | LDCs; export demand function; panel unit root; panel cointegration |
Subjects: | O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics |
Item ID: | 17316 |
Depositing User: | Shigeyuki Hamori |
Date Deposited: | 16 Sep 2009 14:13 |
Last Modified: | 28 Sep 2019 16:37 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/17316 |