@techreport{Strau2001Cointegration,
abstract = {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 co\-integration 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.},
address = {Kiel},
author = {Hubert Strau\ss{}},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F17; F31; F41; P33; 330; cointegration analysis; transitional economies; Ukraine; export demand; foreign trade elasticities; real effective exchange rate; Export; Nachfrage; Au\ss{}enhandelselastizit\"{a}t; Kointegration; Sch\"{a}tzung; Kaufkraftparit\"{a}t; Inflation; Exchange rate pass-through; Ukraine},
language = {eng},
number = {1084},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Cointegration Analysis in an Inflationary Environment: What Can We Learn from Ukraine's Nominal Exports?},
type = {Kieler Arbeitspapiere},
url = {http://hdl.handle.net/10419/17840},
year = {2001}
}
