Time Series Analysis of Export Demand Equations: A Cross-Country Analysis

29 Pages Posted: 15 Feb 2006

See all articles by Abdelhak Senhadji

Abdelhak Senhadji

International Monetary Fund (IMF) - Asia and Pacific Department

Claudio E. Montenegro

World Bank Group; Universidad de Chile, Economics Department

Date Written: October 1998

Abstract

The paper estimates export demand elasticities for a large number of developing and developed countries, using time-series techniques that account for the nonstationarity in the data. The average long-run price and income elasticities are found to be approximately -1 and 1.5, respectively. Thus, exports do react to both the trade partners` income and to relative prices. Africa faces the lowest income elasticities for its exports, while Asia has both the highest income and price elasticities. The price and income elasticity estimates have good statistical properties.

Keywords: Export demand, Income and Price Elasticities, Cointegration

JEL Classification: F14, F41, E21, C22

Suggested Citation

Senhadji, Abdelhak and Montenegro, Claudio E., Time Series Analysis of Export Demand Equations: A Cross-Country Analysis (October 1998). IMF Working Paper No. 98/149, Available at SSRN: https://ssrn.com/abstract=882723

Abdelhak Senhadji (Contact Author)

International Monetary Fund (IMF) - Asia and Pacific Department ( email )

700 19th Street NW
Washington, DC 20431
United States

Claudio E. Montenegro

World Bank Group ( email )

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States

Universidad de Chile, Economics Department

Diagonal Paraguay 257
Torre 26, Of. 1801
Santiago
Chile

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