A flexible dynamic model of multiproduct technology for the West German economy

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    4 Citations (Scopus)

    Abstract

    This paper tests symmetry and negativity of the Slutsky matrix for a system of demand functions derived from an aggregate model of multi product technology within a flexible dynamic framework. The model considers three inputs and three outputs, including imports and exports of intermediate goods. We derive a static demand model from a trans log cost function and specify the data generation process by a stationary ARX (1, 1) model. Results based on West German quarterly data indicate that the integrability conditions are not rejected when imposed on the ARX (1, 1) model, whereas they are rejected for all the less general dynamic models considered.

    Original languageEnglish
    Pages (from-to)333-344
    Number of pages12
    JournalJournal of Applied Econometrics
    Volume1
    Issue number4
    DOIs
    Publication statusPublished - 1986

    ASJC Scopus subject areas

    • Social Sciences (miscellaneous)
    • Economics and Econometrics

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