Meurers, Martin - In: Journal of Economics and Statistics (Jahrbuecher fuer … 224 (2004) 5, pp. 530-556
In this paper aggregate supply and demand functions for Germany's imports and exports are estimated for the period 1975:1-1999:4. Previous studies are extended in two regards: First, the multivariate estimation technique of Johansen (1988, 1991) is employed, which helps to avoid the potential...