New trade theory, non-price competitiveness and export performance

Economic Modelling

Volumn 27, Issue 1, 2010, Pages 217-228

  Athanasoglou, Panayiotis P ^a   Bardaka, Ioanna C ^a  

^a Bank of Greece ^*  (Greece)

Author keywords

Export demand; New trade theory; Price and non price competitiveness; Vector autoregressive error correction model

Indexed keywords

EID: 71149087335     PISSN: 02649993     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econmod.2009.09.002     Document Type: Article

References (53)

1. Ahluwala I.J., and Hernandez-Cãta I. An econometric model of US merchandise imports under fixed and flexible exchange rates, 1959-1973. IMF Staff Papers 22 3 (1975) 791-824
2. Anderton R. UK trade performance and the role of product quality, variety, innovation and hysteresis: some preliminary results. Scottish Journal of Political Economy 46 (1999) 553-570 November
3. Arize A. The supply and demand for imports and exports in a simultaneous model. Applied Economics 19 (1987) 1233-1247
4. Athanasoglou, P.P. (1990). "A Disequilibrium Model for a Small Open Economy", D.Phil. Thesis, Sussex University, U.K.
5. Athanasoglou P.P., and Bardaka I.C. Price and non-price competitiveness of exports of manufactures. Bank of Greece Working Paper (2008) 69 April
6. Bank of Greece, 2005. Governor's Report for 2004, Athens (2005)
7. Bierens H.J. Higher order autocorrelation and the unit root hypothesis. Journal of Econometrics 57 (1993) 137-160
8. Bierens H.J. Testing the unit root with drift hypothesis against nonlinear trend stationarity, with an application to the US price level and interest rate. Journal of Economerics 81 (1997) 29-64
9. Bierens H.J., and Guo S. Testing stationarity and trend stationarity against the unit root hypothesis. Econometric Reviews 12 (1993) 1-32
10. Catao L., and Falcetti E. Determinants of Argentina's external trade. Journal of Applied Economics V 1 (2002) 19-57 May
11. Chinn M. Doomed to deficits? Aggregate US trade flows re-examined. NBER Working Paper, No. 9521 (2003) February
12. Davidson J.E.H., Hendry D.F., Srba F., and Yeo S. Econometric modelling of the aggregate time-series relationship between consumers' expenditure and income in the United Kingdom. Economic Journal 88 (1978) 661-692
13. Durand M. "Method of calculating effective exchange rates and indicators of competitiveness", OECD, Department of Economics and Statistics. Working Paper (1986) 29
14. Eisner R., and Nadiri N.T. Investment behavior and neoclassical theory. Review of Economic Studies 50 (1968) 369-382
15. Enders W. Applied Econometric Time Series. 2nd Ed. (2005), John Wiley & Sons
16. Engle R.F., and Granger C.W.J. Co-integration and error correction: representation, estimation, and testing. Econometrica 55 2 (1987) 251-276
17. Engle R.F., and Hendry D.F. Testing super exogeneity and invariance in regression models. Journal of Econometrics 56 (1993) 119-139
18. European Central Bank (2005). "Competitiveness and the Export Performance of the Euro Area", Occasional Paper Series No. 30, MPC Task Force.
19. Funke M., and Ruhwedel R. Export variety and export performance: empirical evidence from East Asia. Journal of Asian Economics 12 (2001) 493-505
20. Goldstein M., and Khan M.S. The supply and demand for exports: a simultaneous approach. Review of Economics and Statistics 60 (1978) 275-286
21. Goldstein M., and Khan M.S. Income and price effects in foreign trade. In: Jones R.W., and Kenen P.B. (Eds). Handbook of International Economics, II (1985)
22. Grossman G., and Helpman E. Innovation and growth in the global economy (1991), MIT Press, Cambridge MA
23. Grossman G., and Helpman E. Technology and trade. In: Grossman G., and Rogoff K. (Eds). Ch. 25 in Handbook of International Economics vol. 3 (1995), Elsevier, Amsterdam
24. Harris R.I.D. Using cointegration analysis in economic modeling (1995), Prentice Hall, New York
25. Hendry D.F. Econometric methodology: a personal perspective. In: Bewley T.F. (Ed). Advances in Econometrics, Ch.10 (1987), Cambridge University Press, Cambridge
26. Hendry D.F., and Doornik J.A. Empirical econometric modelling using PcGive (1999), Timberlake Consultants, UK
27. Hendry D.F., and Mizon G.E. "Evaluating dynamic econometric models by encompassing the VAR," chapter 18. In: Phillips P.C. (Ed). Models, Methods, and Applications of Econometrics: Essays in honor of A.R. Bergstrom (1993), Basil Blackwell, Cambridge, Massachusetts 272-300
28. Houthakker H.S., and Maggee S.P. Income and price elasticities in world trade. Review of Economics and Statistics 51 (1969) 111-125
29. Johansen S. Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica 59 6 (1991) 1551-1580
30. Johansen S. Testing weak exogeneity and the order of cointegration in UK money demand data. Journal of Policy Modeling 14 3 (1992) 313-334
31. Johansen S. Determination of cointegration rank in the presence of a linear trend. Oxford Bulletin of Economics and Statistics 54 2 (1992) 383-397
32. Johansen S., and Juselius K. Maximum likelihood estimation and inference on cointegration - with application on the demand for money. Oxford Bulletin of Economics and Statistics 52 (1990) 169-210
33. Jorgenson D.W., and Siebert G.D. A comparison of alternative theories of corporate investment behavior. American Economic Review 39 (1968) 681-712
34. Juselius K. Do purchasing power parity and uncovered interest rate parity hold in the long run? An example of likelihood inference in a multivariate time-series model. Journal of Econometrics 69 (1995) 211-240
35. Kintis A. The demand for labor in Greek manufacturing (1973), Center of Planning and Economic Research, Athens
36. Krugman P. Differences in income elasticities and trends in real exchange rates. European Economic Review 33 5 (1989) 1031-1046
37. Madden G., Savage S.J., and Thong S.Y. Technology investment and trade: empirical evidence for five Asia Pacific countries. Applied Economics Letters 6 (1999) 361-363
38. Muscatelli V.A., Srinivasan T.G., and Vines D. Demand and supply factors in the determination of NIE exports: a simultaneous error-correction model for Hong-Kong. The Economic Journal (1992) 1467-1477 Nov
39. Muscatelli V.A., Stevenson A., and Montagna C. Modeling aggregate manufactured exports for some Asian newly industrialized economies. The Review of Economics and Statistics 77 1 (1995) 147-155 February
40. O'Donnell N. Re-estimation of the trade block in the bank's quarterly macro-econometric model (2005), Quarterly Bulletin, Central Bank of Ireland 3
41. OECD. Economic Outlook, Paris (2007)
42. Owen C., and Wren-Lewis S. "Variety, quality and UK exports", discussion paper 14 (1993), The University of Strathclyde, International Centre for Macroeconomic Modeling, Glasgow
43. Pesaran M.H., Shin Y., and Smith R.J. Structural analysis of vector error correction models with exogenous I(1) variables. Journal of Econometrics 97 (2000) 293-343
44. Prodromidis K.P. Greek Disaggregated Import and Export Demand Functions (1975), Weltwirtschaftliches, Archiv., Bank III, Hef.2
45. Prodromidis K.P., and Anastassakou J.N. "The Determinants of Greece's Commodity Trade 1961-1978", Center of Planning and Economic Research Studies, No. 1, Athens (1983)
46. Quandt R.E. Test of the hypothesis that a linear regression obeys two separate regimes. Journal of the American Statistical Association 66 (1960) 324-330
47. Reimers H.-E. Comparisons of tests for multivariate cointegration. Statistical Papers 33 (1992) 335-359
48. Riedel J. The demand for LDC exports of manufactures estimates from Hong Kong. The Economic Journal 98 (1988) 138-148
49. Sato K. The demand function for industrial exports: a cross country analysis. Review of Economics and Statistics 59 (1977) 456-464 November
50. Thirlwall A.P. Balance of payments theory and the UK experience. 3rd ed. (1986), Macmillan, London
51. Turnovsky S.J. International trading relationships for a small country: the case of New Zealand. The Canadian Journal of Economics 1 4 (1968) 772-790
52. Venables A. International trade and industrial policy and imperfect competition: a survey. Center for Economic Policy Research, D.P. 74 (1985)
53. Wilson J.F., and Takacs E.W. Differential responses to price and exchange rate influences in the foreign trade to selected industrial countries. Review of Economics and Statistics 64 (1979) 267-279