Empirical analysis of export demand behavior of LDCs: Panel cointegration approach

Shigeyuki Hamori and Yoichi Matsubayashi ()

Economics Bulletin, 2009, vol. 29, issue 3, 1990-1999

Abstract: 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.

Keywords: LDCs; export demand function; panel unit root; panel cointegration (search for similar items in EconPapers)
JEL-codes: F4 O1 (search for similar items in EconPapers)
Date: 2009-08-17
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Empirical Analysis of Export Demand Behavior of LDCs: Panel Cointegration Approach (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-09-00469

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