| Tekijä: | Menon, J. |
| Otsikko: | Price and activity effects in international trade: cointegration, aggregation and prices |
| Lehti: | Hitotsubashi Journal of Economics
1995 : JUN, VOL. 36:1, p. 47-60 |
| Asiasana: | INTERNATIONAL TRADE COINTEGRATION PRICES |
| Kieli: | eng |
| Tiivistelmä: | This study investigates the relationship between manufactured import flows to Australia and relative prices and domestic economic activity over the period 1981Q3 to 1992Q2. It overcomes a number of limitations which have marred previous contributions to this literature. For the first time in the literature, the author provides disaggregated import price and activity elasticities based on the Johansen FIML procedure for estimating cointegration vectors. Second, the author employs actual import prices for a new disaggregated data set covering 29 import products. |
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