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Supply and Demand on Manufacturing Output in OECD countries: econometric models and specification test

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  • Cancelo, M.Teresa
  • Guisan, M.Carmen
  • Frias, Isidro

Abstract

The aim of this paper is to analyse the evolution of manufacturing in 11 OECD countries, during the period 1975-92, from two viewpoints: supply and demand. With this purpose we estimate, with a pool of data, two econometric models for explaining industrial production from the above mentioned standpoints and we select the most appropriated using non-nested linear model selection methods.

Suggested Citation

  • Cancelo, M.Teresa & Guisan, M.Carmen & Frias, Isidro, 2001. "Supply and Demand on Manufacturing Output in OECD countries: econometric models and specification test," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 1(2), pages 7-42.
    • Handle: RePEc:eaa:aeinde:v:1:y:2001:i:2_1
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    References listed on IDEAS

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    1. Fagerberg, Jan, 1988. "International Competitiveness: Errata," Economic Journal, Royal Economic Society, vol. 98(393), pages 1203-1203, December.
    2. Makoto Nobukuni & F. Gerard Adams, 1990. "A Supply‐Side Interregional Model Of The U.S. Manufacturing Industry: 1960‐781," Papers in Regional Science, Wiley Blackwell, vol. 68(1), pages 71-81, January.
    3. J. Bradford De Long & Lawrence H. Summers, 1991. "Equipment Investment and Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 445-502.
    4. Cancelo, M.T. & Guisan, M.C., 1997. "Educacion, inversion y competitividad en Paises de la OCDE 1964-94," Faculty of Economics 12, Universidad de Santiago de Compostela, Faculty of Economics, Applied Econometric and Quantitative Studies.
    5. Guisan, M.Carmen, 2001. "Causality and Cointegration between Consumption and GDP in 25 OECD countries: limitations of cointegration approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 1(1), pages 39-61.
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    Cited by:

    1. Guisan, M.Carmen & Cancelo, M.Teresa, 2002. "Econometric Models of Foreign Trade in OECD Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 2(2), pages 65-81.
    2. Guisan, M.Carmen & Aguayo, Eva, 2002. "Education, Industry,Trade and Development of American Countries in 1980-99," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 2(1), pages 83-106.
    3. Guisan, M.Carmen & Aguayo, Eva, 2003. "Education, Industry, Trade and Development of European and Eurasian Countries in 1980-99," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(1), pages 115-141.
    4. Guisan, M.C. & Exposito, P., 2013. "Employment, Production and Income by Sector in Spain: Econometric Models and Comparison with Germany and the United States, 1965-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 13(1), pages 78-90.
    5. GUISAN, Maria-Carmen, 2009. "Real Exchange Rate Euro-Dollar And Foreign Trade Balance: Analysis Of Spain, Germany And France In Comparison With The Usa. 1960-2007," Economic Development 100, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    6. GUISAN, Maria-Carmen, 2015. "Selected Readings On Econometrics Methodology, 2001-2010: Causality, Measure Of Variables, Dynamic Models And Economic Approaches To Growth And Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(2), pages 213-220.

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    More about this item

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • F0 - International Economics - - General
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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