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Long-run price and income elasticities of demand for Hong Kong exports: a structural cointegrating VAR approach

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Long-run price and income elasticities of demand for Hong Kong exports: a structural cointegrating VAR approach. / Abbott, Andrew James; De Vita, Glauco.
In: Applied Economics, Vol. 34, No. 8, 01.05.2002, p. 1025-1032.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Abbott, AJ & De Vita, G 2002, 'Long-run price and income elasticities of demand for Hong Kong exports: a structural cointegrating VAR approach', Applied Economics, vol. 34, no. 8, pp. 1025-1032. https://doi.org/10.1080/00036840110514

APA

Abbott, A. J., & De Vita, G. (2002). Long-run price and income elasticities of demand for Hong Kong exports: a structural cointegrating VAR approach. Applied Economics, 34(8), 1025-1032. https://doi.org/10.1080/00036840110514

Vancouver

Abbott AJ, De Vita G. Long-run price and income elasticities of demand for Hong Kong exports: a structural cointegrating VAR approach. Applied Economics. 2002 May 1;34(8):1025-1032. doi: 10.1080/00036840110514

Author

Abbott, Andrew James ; De Vita, Glauco. / Long-run price and income elasticities of demand for Hong Kong exports : a structural cointegrating VAR approach. In: Applied Economics. 2002 ; Vol. 34, No. 8. pp. 1025-1032.

Bibtex

@article{04d61d52b8f74e2c8368038adef2a708,
title = "Long-run price and income elasticities of demand for Hong Kong exports: a structural cointegrating VAR approach",
abstract = "This article revisits a system of export volume and price equations to estimate the long–run price and income effects in the demand for Hong Kong's exports. Using a recently developed restricted cointegrating VAR approach it tests theorybased restrictions and obtains estimates of the long–run structural coefficients. The estimation results provide supporting evidence for the theory–based restrictions and suggest that the demand for Hong Kong's exports is both price and income elastic. This article is therefore able to present a long–run model of Hong Kong's exports that is both theory and data consistent, and long–run elasticities that are economically interpretable. The short–run properties of the model are illustrated by means of persistence profiles, which confirm the cointegrating vectors tendency of convergence.",
author = "Abbott, {Andrew James} and {De Vita}, Glauco",
year = "2002",
month = may,
day = "1",
doi = "10.1080/00036840110514",
language = "English",
volume = "34",
pages = "1025--1032",
journal = "Applied Economics",
issn = "0003-6846",
publisher = "Routledge",
number = "8",

}

RIS

TY - JOUR

T1 - Long-run price and income elasticities of demand for Hong Kong exports

T2 - a structural cointegrating VAR approach

AU - Abbott, Andrew James

AU - De Vita, Glauco

PY - 2002/5/1

Y1 - 2002/5/1

N2 - This article revisits a system of export volume and price equations to estimate the long–run price and income effects in the demand for Hong Kong's exports. Using a recently developed restricted cointegrating VAR approach it tests theorybased restrictions and obtains estimates of the long–run structural coefficients. The estimation results provide supporting evidence for the theory–based restrictions and suggest that the demand for Hong Kong's exports is both price and income elastic. This article is therefore able to present a long–run model of Hong Kong's exports that is both theory and data consistent, and long–run elasticities that are economically interpretable. The short–run properties of the model are illustrated by means of persistence profiles, which confirm the cointegrating vectors tendency of convergence.

AB - This article revisits a system of export volume and price equations to estimate the long–run price and income effects in the demand for Hong Kong's exports. Using a recently developed restricted cointegrating VAR approach it tests theorybased restrictions and obtains estimates of the long–run structural coefficients. The estimation results provide supporting evidence for the theory–based restrictions and suggest that the demand for Hong Kong's exports is both price and income elastic. This article is therefore able to present a long–run model of Hong Kong's exports that is both theory and data consistent, and long–run elasticities that are economically interpretable. The short–run properties of the model are illustrated by means of persistence profiles, which confirm the cointegrating vectors tendency of convergence.

U2 - 10.1080/00036840110514

DO - 10.1080/00036840110514

M3 - Journal article

VL - 34

SP - 1025

EP - 1032

JO - Applied Economics

JF - Applied Economics

SN - 0003-6846

IS - 8

ER -