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

    研究成果: Article査読

    4 被引用数 (Scopus)

    抄録

    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.

    本文言語English
    ページ(範囲)333-344
    ページ数12
    ジャーナルJournal of Applied Econometrics
    1
    4
    DOI
    出版ステータスPublished - 1986

    ASJC Scopus subject areas

    • Social Sciences (miscellaneous)
    • Economics and Econometrics

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