Estimating Supply and Demand Functions in International Trade: A Multivariate Cointegration Analysis for Germany / Die Schätzung von Angebots- und Nachfragefunktionen im Außenhandel: Eine multivariate Kointegrationsanalyse für Deutschland

Martin Meurers ()

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2004, vol. 224, issue 5, 530-556

Abstract: In this paper aggregate supply and demand functions for Germany’s imports and exports are estimated for the period 1975:1–1999:4. Previous studies are extended in two regards: First, the multivariate estimation technique of Johansen (1988, 1991) is employed, which helps to avoid the potential bias of the predominately used single-equation approaches. Second, structural error-correction models are estimated for the import and export market. This allows for conclusions about the short-run response of buyers and sellers in both markets to changes in their forcing variables.

Keywords: German imports and exports; cointegration; structural error-correction model; Importe und Exporte; Deutschland; Kointegration; strukturelles Fehlerkorrekturmodell (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:224:y:2004:i:5:p:530-556

DOI: 10.1515/jbnst-2004-0502

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