Long-run income and price elasticities of demand for Colombian nontraditional exports: A multivariate cointegration framework

Applied Economics

Volumn 36, Issue 9, 2004, Pages 931-938

  Misas, Martha ^a   Ramírez, María Teresa ^a  

^a BANCO DE LA REPÚBLICA   (Colombia)

Author keywords

[No Author keywords available]

Indexed keywords

DEMAND ANALYSIS; DEMAND ELASTICITY; EXPORT; PRICE DYNAMICS;

EID: 3142780800     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/0003684042000233159     Document Type: Article

References (33)

1. Alonso, G. (1993) La oferta de exportaciones menores en Colombia, 1970-1992, Coyuntura Económica, 23, 75-99.
2. Arize, A. (1999) The demand for LDC exports: estimates from Singapore, The International Trade Journal, 13, 345-70.
3. Arize, A., Osang, T. and Slottje, D. (1999) Exchange-rate volatility in Latin America and its impact on foreign trade, manuscript, College of Business and Technology Texas A&M and Department of Economics Southern Methodist University.
4. Baba, Y., Hendry, D. and Starr, R. (1992) The demand for M1 in the USA, 1960-1988, Review of Economics Studies, 59, 25-61.
5. Bardsen, G. (1994) Dynamic modeling of the demand for narrow money in Norway, in, Testing Exogeneity, Advanced Texts in Econometrics (Eds) N. Ericsson and J. Irons, Oxford University Press, Oxford, pp. 219-50.
6. Bera, A. and Higgins, M. (1993) ARCH models: properties, estimation and testing, Journal of Economic Surveys, 7, 305-66.
7. Botero, C. H. and Meisel, A. (1988) Funciones de oferta de las exportaciones menores colombianas, Ensayos Sobre Política Económica, 13, 5-26.
8. Caballero, R. and Corbo, V. (1989) The effect of real exchange rate uncertainty on exports: empirical evidence, The World Bank Economic Review, 3, 263-78.
9. Cheung, Y. W. and Lai, K. S. (1993) Finite-sample sizes of Johansen's likelihood ratio tests for cointegration, Oxford Bulletin of Economics and Statistics, 55, 313-28.
10. Chowdhury, A. (1993) Does exchange rate volatility depress trade flows? Evidence from error-correction Models, The Review of Economics and Statistics, 75, 700-706.
11. Cuthbertson, K., Hall, S. G. and Taylor, M. P. (1992) Applied Econometric Techniques, Harvester Wheatsheaf, London.
12. De Grauwe, P. (1988) Exchange rate variability and the slowdown in growth of international trade, IMF Staff Papers, 35, 63-84.
13. Drost, F. C. and Nijman, T. E. (1995) Temporal aggregation of GARCH processes, in ARCH Selected Readings, Advanced Texts in Econometrics (Ed.) R. Engle, Oxford University Press, Oxford, pp. 221-40.
14. Engle, R. (1995) ARCH Selected Readings, Advanced Texts in Econometrics, Oxford University Press, Oxford.
15. Ericson, N. and Irons, J. (1994) Testing Exogeneity, Advanced Texts in Econometrics, Oxford University Press, Oxford.
16. Escribano, A. (1996) Funciones de exportación e importación en España: elasticidades a corto y largo plazo, Revista de Economía, Ministerio de Comercio y Turismo, 750, 93-110.
17. Franses, P. and van Dijk, D. (2000) Nonlinear Time Series Models in Empirical Finance, Cambridge University Press, Cambridge.
18. García, C. and Gordo, E. (1998) Funciones trimestrales de exportación e importación para la economía española, Banco de España, Servicio de Estudios, Working Paper # 9822.
19. Hansen, H. and Johansen, S. (1993) Recursive estimation in cointegrated VAR models, in CATS for RATS Handbook.
20. Hendry, D. F. and Doornik, A. (1994) Modelling linear dynamic econometric systems, Scottish Journal of Political Economy, 45 (referenced by Arize, 1999).
21. In, F. and Sgro, P. (1998) Export growth and its determinants, Applied Economic Letters, 5, 225-30.
22. Johansen, S. (1988) Statistical analysis of cointegration vectors, Journal of Economic Dynamics and Control, 12, 231-54.
23. Johansen, S. (1994) The role of the constant and linear terms in cointegration analysis of non-stationary variables, Econometric Reviews, 13, 205-29.
24. Johansen, S. (1995) Likelihood Based Inference in Cointegrated Vector Auto-regressive Models, Advanced Text in Econometrics, Oxford University Press, Oxford.
25. Lütkepohl, H. (1993) Introduction to Multiple Time Series Analysis, 2nd edn., Springer-Verlag, Heidelberg, pp. 346-90.
26. Lütkepohl, H. (1994) Interpretation of cointegrating relations, Econometric Reviews, 13, 391-4.
27. Misas, M., Ramírez, M. T. and Silva, L. (2001) Exportaciones no tradicionales en Colombia y sus determinantes, Ensayos sobre política económica, 39, 73-114.
28. Mesa, F., Cock, M. and Jiménez, A. (1999) Evaluación teórica y empírica de la exportaciones no tradicionales en Colombia, Revista de Economía del Rosario, 2, 63-105.
29. Pozo, S. (1992) Conditional exchange-rate volatility and the volume of international trade: evidence from the early 1900s, The Review of Economics and Statistics, 74, 325-32.
30. Reinhart, C. (1995) Devaluation, relative prices, and international trade evidence from developing countries, IMF Staff Papers, 42, 290-312.
31. Steiner, R. and Wüllner, A. (1994) Efecto de la volatilidad de la tasa de cambio en las exportaciones no tradicionales, Coyuntura Económica, 24, 139-53.
32. Villar, L. (1984) Determinantes de la evolución de las exportaciones menores en Colombia, 1960-1981, Coyuntura Económica, 14, 111-23.
33. Villar, L. (1992) Política cambiaria y estrategia exportadora, in Apertura: dos Años Después (Ed.) Asociación Bancaria y de Entidades Financieras, Bogotá, pp. 319-72.