Long-run income and price elasticities of demand for Colombian nontraditional exports: a multivariate cointegration framework

References

• Alonso , G . 1993 . La oferta de exportaciones menores en Colombia, 1970–1992 . Coyuntura Económica , 23 : 75 – 99 .
   Google Scholar
• Arize , A . 1999 . The demand for LDC exports: estimates from Singapore . The International Trade Journal , 13 : 345 – 70 .
   Google Scholar
• Arize A Osang T Slottje D 1999 Exchange-rate volatility in Latin America and its impact on foreign trade manuscript College of Business and Technology Texas A&M and Department of Economics Southern Methodist University
   Google Scholar
• Baba , Y , Hendry , D and Starr , R . 1992 . The demand for M1 in the USA, 1960–1988 . Review of Economics Studies , 59 : 25 – 61 .
   Web of Science ®Google Scholar
• Bardsen G 1994 Dynamic modeling of the demand for narrow money in Norway Testing Exogeneity, Advanced Texts in Econometrics (Eds) N. Ericsson and J. Irons Oxford University Press Oxford pp. 219–50
   Google Scholar
• Bera , A and Higgins , M . 1993 . ARCH models: properties, estimation and testing . Journal of Economic Surveys , 7 : 305 – 66 .
   Google Scholar
• Botero , CH and Meisel , A . 1988 . Funciones de oferta de las exportaciones menores colombianas . Ensayos Sobre Política Económica , 13 : 5 – 26 .
   Google Scholar
• Caballero , R and Corbo , V . 1989 . The effect of real exchange rate uncertainty on exports: empirical evidence . The World Bank Economic Review , 3 : 263 – 78 .
   Web of Science ®Google Scholar
• Cheung , YW and Lai , KS . 1993 . Finite-sample sizes of Johansen's likelihood ratio tests for cointegration . Oxford Bulletin of Economics and Statistics , 55 : 313 – 28 .
   Web of Science ®Google Scholar
• Chowdhury , A . 1993 . Does exchange rate volatility depress trade flows? Evidence from error-correction Models . The Review of Economics and Statistics , 75 : 700 – 706 .
   Web of Science ®Google Scholar
• Cuthbertson K Hall SG Taylor MP 1992 Applied Econometric Techniques, Harvester Wheatsheaf London
   Google Scholar
• De Grauwe , P . 1988 . Exchange rate variability and the slowdown in growth of international trade . IMF Staff Papers , 35 : 63 – 84 .
   Google Scholar
• Drost FC Nijman TE 1995 Temporal aggregation of GARCH processes ARCH Selected Readings, Advanced Texts in Econometrics (Ed.) R. Engle Oxford University Press Oxford pp. 221–40
   Google Scholar
• Engle R 1995 ARCH Selected Readings, Advanced Texts in Econometrics, Oxford University Press Oxford
   Google Scholar
• Ericson N Irons J 1994 Testing Exogeneity, Advanced Texts in Econometrics, Oxford University Press Oxford
   Google Scholar
• Escribano , A . 1996 . Funciones de exportación e importación en España: elasticidades a corto y largo plazo . Revista de Economía, Ministerio de Comercio y Turismo , 750 : 93 – 110 .
   Google Scholar
• Franses P van Dijk D 2000 Nonlinear Time Series Models in Empirical Finance, Cambridge University Press Cambridge
   Google Scholar
• García C Gordo E 1998 Funciones trimestrales de exportación e importación para la economía española Banco de España, Servicio de Estudios Working Paper # 9822
   Google Scholar
• Hansen H Johansen S 1993 Recursive estimation in cointegrated VAR models CATS for RATS Handbook
   Google Scholar
• Hendry DF Doornik A 1994 Modelling linear dynamic econometric systems Scottish Journal of Political Economy 45 (referenced by Arize, 1999)
   Google Scholar
• In , F and Sgro , P . 1998 . Export growth and its determinants . Applied Economic Letters , 5 : 225 – 30 .
   Web of Science ®Google Scholar
• Johansen , S . 1988 . Statistical analysis of cointegration vectors . Journal of Economic Dynamics and Control , 12 : 231 – 54 .
   Web of Science ®Google Scholar
• Johansen , S . 1994 . The role of the constant and linear terms in cointegration analysis of non-stationary variables . Econometric Reviews , 13 : 205 – 29 .
   Google Scholar
• Johansen S 1995 Likelihood Based Inference in Cointegrated Vector Auto-regressive Models, Advanced Text in Econometrics, Oxford University Press Oxford
   Google Scholar
• Lütkepohl H 1993 Introduction to Multiple Time Series Analysis 2nd edn. Springer-Verlag Heidelberg pp. 346–90
   Google Scholar
• Lütkepohl , H . 1994 . Interpretation of cointegrating relations . Econometric Reviews , 13 : 391 – 4 .
   Google Scholar
• Misas , M , Ramírez , MT and Silva , L . 2001 . Exportaciones no tradicionales en Colombia y sus determinantes . Ensayos sobre política económica , 39 : 73 – 114 .
   Google Scholar
• Mesa , F , Cock , M and Jiménez , A . 1999 . Evaluación teórica y empírica de la exportaciones no tradicionales en Colombia . Revista de Economía del Rosario , 2 : 63 – 105 .
   Google Scholar
• Pozo , S . 1992 . Conditional exchange-rate volatility and the volume of international trade: evidence from the early 1900s . The Review of Economics and Statistics , 74 : 325 – 32 .
   Web of Science ®Google Scholar
• Reinhart , C . 1995 . Devaluation, relative prices, and international trade evidence from developing countries . IMF Staff Papers , 42 : 290 – 312 .
   Google Scholar
• Steiner , R and Wüllner , A . 1994 . Efecto de la volatilidad de la tasa de cambio en las exportaciones no tradicionales . Coyuntura Económica , 24 : 139 – 53 .
   Google Scholar
• Villar , L . 1984 . Determinantes de la evolución de las exportaciones menores en Colombia, 1960–1981 . Coyuntura Económica , 14 : 111 – 23 .
   Google Scholar
• Villar L 1992 Política cambiaria y estrategia exportadora Apertura: dos Años Después (Ed.) Asociación Bancaria y de Entidades Financieras Bogotá pp. 319–72
   Google Scholar