Structural Breaks and Exports in the Philippines
Kumar Saten ()
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Kumar Saten: Auckland University of Technology
Global Economy Journal, 2009, vol. 9, issue 2, 9
Abstract:
This paper estimates the export demand equation for the Philippines using the Gregory and Hansen procedure. We allowed for structural breaks within the Gregory and Hansen framework and obtained a cointegrating relationship between real exports, real income and relative prices. Our preferred model is the level shift where all the coefficients are significant and plausible. The income elasticity of export demand is around unity and the relative price elasticity is around -1.2.
Keywords: Gregory and Hansen; export demand; income and relative price elasticities (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:glecon:v:9:y:2009:i:2:n:8
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DOI: 10.2202/1524-5861.1504
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