Estimation of the export demand function using panel data: the case of Israel

Doron Lavee, Azzaddin Agbareia and Tal Shvartzman

International Journal of Trade and Global Markets, 2016, vol. 9, issue 4, 305-324

Abstract: This paper presents an econometric analysis of the variables determining Israel's exports to its main trade partners. Our analysis employs a panel data estimation technique, allowing us to compare the impact of the different variables in different countries. The study utilises an advanced econometric method to analyse non-stationary in panel data and test for a cointegration relationship. The results reveal a unit elasticity of Israeli exports to a trade partner's total imports, an elasticity of exports to the real exchange rate of less than one; a significant impact of trade agreements; and a positive elasticity of exports to a corruption index variable. Moreover, we show that the magnitude of the impact of these variables may vary considerably between different trade partners.

Keywords: export demand; econometric analysis; trade agreements; Israel; exports; imports; corruption; exchange rates; trade partners. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijtrgm:v:9:y:2016:i:4:p:305-324

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