Arbeitspapier
The challenging estimation of trade elasticities: Tackling the inconclusive Eurozone evidence
This paper sheds light on serious methodological difficulties of employing the empiric export equation in order to derive long-run trade elasticities. The unreliable estimated price coefficient (Kaldor Paradox) and the potential presence of cointegration are identified as the most relevant points. It can be shown that difficulties are in part due to methodological issues. New empirical evidence, encompassing eleven Euro area countries and the timespan 1995- 2019, has been obtained from different cointegration techniques. In seven out of eleven cases a robust long-run relationship can be detected and price elasticity was consistently found being significant and negative.
- Sprache
-
Englisch
- Erschienen in
-
Series: Chemnitz Economic Papers ; No. 042
- Klassifikation
-
Wirtschaft
Empirical Studies of Trade
Estimation: General
- Thema
-
International trade
Competitiveness
Kaldor Paradox
Export equation
ARDL
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Keil, Sascha
- Ereignis
-
Veröffentlichung
- (wer)
-
Chemnitz University of Technology, Faculty of Economics and Business Administration
- (wo)
-
Chemnitz
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Keil, Sascha
- Chemnitz University of Technology, Faculty of Economics and Business Administration
Entstanden
- 2021
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