Empirical Estimation of Trend and Cyclical Export Elasticities

Export Sophistication and Exchange Rate Elasticities: The Case of Switzerland

In 2011, Switzerland announced a floor for the Swiss franc, and it immediately depreciated by 10 percent. Many argue that depreciations should not matter for Switzerland’s export basket because luxury brands and high value added products predominate, and these should compete on quality rather than price. We measure the sophistication of Swiss exports using Hausmann et al.’s (2007) and Kwan’s (2...

Estimation and Analysis of Energy Price Elasticities of Iranian provinces: The Augmented Mean Group Estimator Approach

In the literature on energy economics, estimating and analyzing price elasticities of energy demand is one of the important issues in examining the effectiveness of pricing modalities for energy conservatin and environmental policy follow-up. In this regard, low price elasticities of energy demand will increase the need for non-price policies to change consumer behavior and stimulate energy sav...

An Empirical Study of Export and Economic Growth in India since 1960: A Co integration Analysis

Trend Estimation and De-trending

An account is given of a variety of linear filters which can be used for extracting trends from economic time series and for generating de-trended series. A family of rational square-wave filters is described which enable designated frequency ranges to be selected or rejected. Their use is advocated in preference to other filters which are commonly used in quantitative economic analysis.

Methodology for Trend Estimation

The problem of trend estimation in econometrics has had a long history, and the techniques which can be deployed have been evolving gradually over many years. The forces of evolution have been twofold. On one hand is the gradual improvement in statistical and computational techniques which has been accompanied by improvements in the processing power of computers and in the accessibility of soft...