Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17840| Title: | Cointegration Analysis in an Inflationary Environment: What Can We Learn from Ukraine's Nominal Exports? |
| Keywords: | F17 F31 F41 P33 ddc:330 cointegration analysis transitional economies Ukraine export demand foreign trade elasticities real effective exchange rate Export Nachfrage Außenhandelselastizität Kointegration Schätzung Kaufkraftparität Inflation Exchange rate pass-through Ukraine |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | Ukrainian exports can be explained by standard demand theory in the long run. Using the Johansen procedure the data do not reject the hypothesis of a unit foreign-production elasticity of Ukrainian exports, which are rather price-elastic inputs for foreign producers. It is argued that due to high domestic inflation and substantial real appreciation of the hryvnia there might be a deterministic element in the long-run relationships. When allowing for a trend in the cointegration space, the identifying restriction of an infinitely price-elastic export supply curve produces best results. However, due to missing export price statistics long-run interpretations are to be taken with care because they are conditional upon assumptions on how costs and exchange-rates are passed through on export prices. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17840 |
| Other Identifiers: | http://hdl.handle.net/10419/17840 ppn:336722222 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.