the top 20 export products (defined by the 2-digit Harmonized System codes) from the United States to Brazil, Russia … model was first estimated using three estimation methods, namely, the Panel Least Squares, the Panel Fully Modified Least … cointegration analysis and error-correction models. Two measures of exchange rate volatility are used in this study. According to …

effect of globalization is often neglected leading to implausibly high income elasticities. This paper models export demand … vector error correction model is the appropriate econometric framework. Using the Johansen procedure, two cointegration … relationships are found and identified as export supply and demand. Overidentifying restrictions derived from economic theory are …