A sure thing a seemingly unrelated test of international trade models for New Zealand
Allen, James
This item is not available in full-text via OUR Archive.
If you would like to read this item, please apply for an inter-library loan from the University of Otago via your local library.
If you are the author of this item, please contact us if you wish to discuss making the full text publicly available.
Cite this item:
Allen, J. (2005, October). A sure thing a seemingly unrelated test of international trade models for New Zealand (Dissertation, Bachelor of Commerce with Honours). Retrieved from http://hdl.handle.net/10523/1203
Permanent link to OUR Archive version:
http://hdl.handle.net/10523/1203
Abstract:
This dissertation empirically tests the extent to which three alternative trade theories explain the pattern of New Zealand's international trade. This is accomplished by nesting a gravity equation, the Heckscher-Ohlin model and Linder's overlapping demands hypothesis in an econometric model. The model is estimated separately for imports and exports over a system of 12 commodity groupings. Due to the similarity between the regressions over the 12 commodities, Zellner's (1962) Seemingly Unrelated Regression Equations (SURE) estimation method is employed. The results indicate that, the gravity model has the most explanatory power and shows only weak support for the Heckscher-Ohlin theorem and the overlapping demands hypothesis.
Date:
2005-10
Degree Name:
Bachelor of Commerce with Honours
Degree Discipline:
Economics
Pages:
74
Keywords:
alternative trade theories; New Zealand's international trade; gravity equation; Heckscher-Ohlin mode; Linder's overlapping demands hypothesis; Seemingly Unrelated Regression Equations
Research Type:
Dissertation
Collections
- Economics [318]
- Dissertation - Honours [188]