Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/17840
Authors: 
Strauß, Hubert
Year of Publication: 
2001
Series/Report no.: 
Kieler Arbeitspapiere 1084
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 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.
Subjects: 
cointegration analysis
transitional economies
Ukraine
export demand
foreign trade elasticities
real effective exchange rate
JEL: 
F17
F31
F41
P33
Document Type: 
Working Paper

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