Title: Derivation of econometric estimable functions of intra-trade industry: the case of the Norwegian intra-continental import trade pattern
Authors: Yohannes Yebabe Tesfay; Per Bjarte Solibakke
Addresses: Faculty of Economics, Informatics and Social Change, Molde University College, Molde, 6402, Norway; Raleigh-Durham International Airport, Raleigh, North Carolina, 27623, USA ' Faculty of Economics and Management, Department of International Business, NTNU – Norwegian University of Science and Technology, N-6025 Ålesund, Norway
Abstract: This paper evaluates the item-based Norwegian intra-continental trade pattern. The paper derives the best linear unbiased estimator (BLUE) of estimable functions of the two-stage non-full rank hierarchical linear econometric model for the analysis of the intra-continental variations of the yearly Norwegian import expenditures for the period 1988-2014. The result confirms that the intra-Europe, item-based trade pattern of the Norwegian import trade is characterised as very stable, standardised and predictable. However, most of the items of import from the other continents show lack of stability and predictability. The result implies that efforts by governments (or firms) for trade stability have little effects.
Keywords: import trade; intra-continental trade patterns; items of import; estimable functions; two-stage hierarchical linear model.
International Journal of Computational Economics and Econometrics, 2017 Vol.7 No.4, pp.411 - 442
Received: 04 Dec 2015
Accepted: 16 Sep 2016
Published online: 18 May 2017 *