Estimation of the export demand function using panel data: the case of Israel
by Doron Lavee; Azzaddin Agbareia; Tal Shvartzman
International Journal of Trade and Global Markets (IJTGM), Vol. 9, No. 4, 2016

Abstract: This paper presents an econometric analysis of the variables determining Israel's exports to its main trade partners. Our analysis employs a panel data estimation technique, allowing us to compare the impact of the different variables in different countries. The study utilises an advanced econometric method to analyse non-stationary in panel data and test for a cointegration relationship. The results reveal a unit elasticity of Israeli exports to a trade partner's total imports, an elasticity of exports to the real exchange rate of less than one; a significant impact of trade agreements; and a positive elasticity of exports to a corruption index variable. Moreover, we show that the magnitude of the impact of these variables may vary considerably between different trade partners.

Online publication date: Sat, 24-Dec-2016

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