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A shortcoming of most empirical studies on aggregate exports is their exclusive focus on the demand side. Moreover, the … and supply simultaneously and incorporates a new proxy for globalization. Owing to the non-stationarity of the data, the … relationships are found and identified as export supply and demand. Overidentifying restrictions derived from economic theory are …
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In the present paper we examine the German cinema market using time series data of 49 years. Applying estimation techniques such as OLS, 2SLS and SUR, we identify interrelations between the number of screens, the average real prices and the demand for movies per inhabitant. Furthermore, we test...
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