Empirical analysis of export demand behavior of LDCs: Panel cointegration approach

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.

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Year of publication:	2009
Authors:	Hamori, Shigeyuki ; Matsubayashi, Yoichi
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 29.2009, 3, p. 1990-1999
Publisher:	AccessEcon
Subject:	LDCs \| export demand function \| panel unit root \| panel cointegration

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	F4 - Macroeconomic Aspects of International Trade and Finance ; O1 - Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008563111