Event Title

Examination of Net Exports through the Use of Econometric Models

Location

Jereld R. Nicholson Library

Date

5-11-2012 3:00 PM

End Date

5-11-2012 4:30 PM

Subject Area

Economics (applied)

Description

The purpose of this paper is to estimate import and export demand of the United States using ordinary least squared regression on a time series data set from 1973-2011. The model being estimated encompasses variables to account for price, income, and trade agreements. The augmented Dicky-Fuller test is applied to test the time series properties of the variables. This paper finds a significant relationship between real U.S. exports, per capita income (per capita world GDP), and trade agreements (if signed NAFTA or not) but no significant relationship to real relative prices (exchange rate). We also find a significant relationship between U.S. real imports, per capita income (per capita U.S. GDP), and trade agreements (NAFTA), but no significant relationship to real relative prices (exchange rate).

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May 11th, 3:00 PM May 11th, 4:30 PM

Examination of Net Exports through the Use of Econometric Models

Jereld R. Nicholson Library

The purpose of this paper is to estimate import and export demand of the United States using ordinary least squared regression on a time series data set from 1973-2011. The model being estimated encompasses variables to account for price, income, and trade agreements. The augmented Dicky-Fuller test is applied to test the time series properties of the variables. This paper finds a significant relationship between real U.S. exports, per capita income (per capita world GDP), and trade agreements (if signed NAFTA or not) but no significant relationship to real relative prices (exchange rate). We also find a significant relationship between U.S. real imports, per capita income (per capita U.S. GDP), and trade agreements (NAFTA), but no significant relationship to real relative prices (exchange rate).