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Co-integration and error-correction modelling of olive oil consumption in Greece

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  • Vangelis Tzouvelekas
  • Stratos Loizou
  • Konstantinos Giannakas
  • Konstantinos Mattas

Abstract

This paper provides an empirical analysis of olive oil consumption in Greece for the period 1969-1998 using co-integration analysis. The estimated long and short-run elasticities suggest that prices of olive oil and other seed oils are more significant determinants of olive oil consumption than disposable income.

Suggested Citation

  • Vangelis Tzouvelekas & Stratos Loizou & Konstantinos Giannakas & Konstantinos Mattas, 2001. "Co-integration and error-correction modelling of olive oil consumption in Greece," Applied Economics Letters, Taylor & Francis Journals, vol. 8(8), pages 539-543.
  • Handle: RePEc:taf:apeclt:v:8:y:2001:i:8:p:539-543
    DOI: 10.1080/1350485001320
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    References listed on IDEAS

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    1. Andrews, Donald W K, 1993. "Tests for Parameter Instability and Structural Change with Unknown Change Point," Econometrica, Econometric Society, vol. 61(4), pages 821-856, July.
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    Cited by:

    1. Ranjan Paltasingh, Kirtti & Goyari, Phanindra, 2013. "Supply Response in Rainfed Agriculture of Odisha, Eastern India: A Vector Error Correction Approach," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 0(Issue 2), pages 1-16.
    2. Panagiotou, Dimitrios, 2005. "Cointegration, Error Correction, And The Measurement Of Oligopsony Conduct In The U.S. Cattle Market," 2005 Annual meeting, July 24-27, Providence, RI 19201, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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