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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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|
|Original Title:||Empirical Analysis of Export Demand Behavior of LDCs: Panel Cointegration Approach|
|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
|Depositing User:||Shigeyuki Hamori|
|Date Deposited:||16. Sep 2009 14:13|
|Last Modified:||11. Feb 2013 18:47|
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