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:	2009-09-14
Authors:	Shigeyuki, Hamori ; Yoichi, Matsubayashi
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	LDCs \| export demand function \| panel unit root \| panel cointegration

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Bulletin 3.29(2009): pp. 1996-2005
Classification:	O11 - Macroeconomic Analyses of Economic Development ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005089349