Empirical Analysis of Export Demand Behavior of LDCs: Panel Cointegration Approach
In this paper, we use panel data to empirically analyze the stability of the export functions of LDCs for the period 1980-2004 using the nonstationary panel time series analysis. We find that the use of panel data for the region of the LDC clearly supports a cointegrating relationship. Our empirical results also show that price elasticity ranges between -0.24 and -0.34 and income elasticity ranges between 1.36 and 1.79 for the panel of LDCs.
|Date of creation:||14 Sep 2009|
|Date of revision:|
|Publication status:||Published in Economics Bulletin 3.29(2009): pp. 1996-2005|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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