Demand systems for agricultural products in OECD countries

Date

2006-02-20

Author

Erdil, Erkan

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

209
views

0
downloads

This Study concerned with the estimation of demand systems for agricultural products in OECD countries. Three representatives demand systems with their extensions, namely the Rotterdam Model, All Almost Ideal Demand System (AIDS), and CBS model are used. These models are estimated by Seemingly Unrelated Regression (SUR) method. The procedures to estimate demand systems Suggest significant empirical regularities For agricultural products in OECD countries. The Study also applies a procedure for model selection. This procedure implies the superiority of AIDS and CBS models over the Rotterdam model. The main contribution of this Study is to model demand for agricultural products over a wide array of items and across large number of countries.

Subject Keywords

Economics and Econometrics

URI

https://hdl.handle.net/11511/35349

Journal

APPLIED ECONOMICS LETTERS

DOI

https://doi.org/10.1080/13504850500393386

Collections

Department of Economics, Article

Suggestions

OpenMETU
Core

Purchasing power parity in OECD countries: Evidence from panel unit root Kalyoncu, Huseyin; Kalyoncu, Kahraman (Elsevier BV, 2008-05-01) This paper investigates the validity of purchasing power parity (PPP) for 25 OECD countries by using a panel unit-root methodology. The procedure used here is to examine stationarity of real exchange rate. Using ADF unit-root test on single time-series, it is found that real exchange rate of all OECD countries have unit root. This outcome, however, might be due to the generally low power of this test. The aim of this paper is to reconsider this issue by exploiting the extra information provided by the combi...
Environmental impact of customs union agreement with EU on Turkey's trade in manufacturing industry Akbostancı Özkazanç, Elif; Tunç, Gül İpek (Informa UK Limited, 2008-01-01) In this study, we analyse Turkey's manufacturing industry trade by estimating sectoral import and export demand equations for 1980-2000. The study aims to understand whether the trade in the manufacturing industry complies with pollution haven hypothesis, and whether the free trade environment provided by the customs union (CU) agreement altered the trade pattern of the clean and dirty industries. Results of our econometric models have shown that while CU positively affects the import demand, it does not ha...
The Granger-causality between health care expenditure and output: a panel data approach Erdil, Erkan (Informa UK Limited, 2009-01-01) This study investigates the Granger-causality relationship between real per capita GDP and real per capita health care expenditure by employing a large macro panel data set with a VAR representation. The findings verify that the dominant type of Granger-causality is bidirectional. In instances that we found one-way causality, the pattern is not homogenous: Our analyses show that one-way causality generally runs from income to health in low- and middle-income countries whereas the reverse holds for high-inco...
Determinants of current account deficits in industrialized and developing coıuntries: an empirical investigation Kaya Bahçe, Seçil Aysed; Kaya Bahçe, Seçil Aysed; Department of Economics (2005) This study aims to analyze the determinants of the current account deficits for a broad samples of industrial and developing countries for the period 1984-2001. Using a dynamic panel data estimation procedure, we try to unfold the impact of several macro economic and institutional variables on current account deficits. In this context, we also examine the validity of Feldstein Horioka puzzle and its relevance to the current account imbalances. Results show that better governance, a more sophisticated financ...
Nonlinear models, composite longer leading indicator and forecasts for UK real GDP Ocal, N (Informa UK Limited, 2006-05-20) This paper examines the role of the Office for National Statistics Composite Longer Leading Indicator, in nonlinear business cycle models for growth rates of UK real gross domestic product (GDP). These models are of the smooth transition regression class, with the transition between "regimes'' expressed as functions of lagged changes in the leading indicator. In general, evidence is found of business cycle regime asymmetries, with increases and decreases in the leading indicator implying distinct responses ...

Citation Formats

E. Erdil, “Demand systems for agricultural products in OECD countries,” APPLIED ECONOMICS LETTERS, pp. 163–169, 2006, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/35349.