Skip to main content

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

Buy Article:

$47.50 plus tax (Refund Policy)

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.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Document Type: Research Article

Publication date: 20 May 2002

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more