dc.contributor.author | Naug, Bjørn E. | |
dc.date.accessioned | 2012-02-05T17:07:55Z | |
dc.date.available | 2012-02-05T17:07:55Z | |
dc.date.issued | 1999 | |
dc.identifier.issn | 1892-753x | |
dc.identifier.uri | http://hdl.handle.net/11250/180733 | |
dc.description.abstract | The paper models domestic output over imports in Norway’s expenditure on manufactures. Using Johansen’s (1988, 1991) method, we obtain a cointegrating vector between the output-imports ratio, relative prices and a proxy for international specialisation. This vector enters a conditional equilibrium correction model of the output-imports ratio; a model which also includes short-run influences of relative prices and a negative coefficient for domestic capacity utilisation. The utilisation coefficient aside, we do not find significant activity effects on the output-imports ratio. Lastly, the model passes several tests of the Lucas critique.
Keywords: Import share, international specialisation, cointegration, Johansen procedure, equilibrium correction model, parameter constancy, Lucas critique. | no_NO |
dc.language.iso | eng | no_NO |
dc.publisher | Statistics Norway, Research Department | no_NO |
dc.relation.ispartofseries | Discussion Papers;No. 243 | |
dc.subject | Import | no_NO |
dc.subject | Lucas critique | no_NO |
dc.subject | Johansen procedure | no_NO |
dc.subject | Conditional equilibrium correction model | no_NO |
dc.subject | Norway | no_NO |
dc.subject | JEL classification: C22 | no_NO |
dc.subject | JEL classification: C32 | no_NO |
dc.subject | JEL classification: F12 | no_NO |
dc.subject | JEL classification: F14 | no_NO |
dc.title | Modelling the demand for imports and domestic output | no_NO |
dc.type | Working paper | no_NO |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Economics: 212 | no_NO |
dc.source.pagenumber | 30 s. | no_NO |