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low price elasticities. Furthermore, estimation results strongly depend on the observation period. Minor variations in the … estimation period typically lead to insignificant price terms often displaying the wrong sign. Based on an extensive econometric … estimation period neither change the impact nor the significance of the determinants of imports. …
Persistent link: https://www.econbiz.de/10003747642
Persistent link: https://www.econbiz.de/10012025336
This study revisits the import demand function for Turkey using the newly defined national income data and examines the …
Persistent link: https://www.econbiz.de/10012000879
Persistent link: https://www.econbiz.de/10011455680
In this study, the price and income elasticities of Turkey's imported crude oil demand are analysed. In this context … GDP. As known, Turkey is an energy dependent country especially in fossil fuels. Therefore, estimating Turkey's crude oil … that the income and price elasticities of crude oil demand in Turkey are 0.66 and -0.11, respectively. The estimated …
Persistent link: https://www.econbiz.de/10012610981
This study examines the Turkish crude oil import demand for the period of 1970-2013. Unlike earlier studies on Turkey … ordinary least squares estimation employed for the estimating the long-run income and price elasticities. The empirical results …
Persistent link: https://www.econbiz.de/10013024296
Since the early 1970s there has been a worldwide upsurge in the price of energy and in particular of gasoline. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence in the estimated demand functions is important for use in...
Persistent link: https://www.econbiz.de/10011523590
We apply a quadratic expenditure system to estimate price and expenditure elasticities of residential energy demand (electricity and heating) in Germany. Using official expenditure data from 1993 to 2008, we estimate an expenditure elasticity for electricity of 0.3988 and of 0.4055 for space...
Persistent link: https://www.econbiz.de/10011503007
estimation method that estimates the trend and coefficient functions in a highly non-linear way. We find that the price …
Persistent link: https://www.econbiz.de/10012848796