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Supply and Demand on Manufacturing Output in OECD countries: econometric models and specification test

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  • Cancelo, M.Teresa
  • Guisan, M.Carmen
  • Frias, Isidro

Abstract

The aim of this paper is to analyse the evolution of manufacturing in 11 OECD countries, during the period 1975-92, from two viewpoints: supply and demand. With this purpose we estimate, with a pool of data, two econometric models for explaining industrial production from the above mentioned standpoints and we select the most appropriated using non-nested linear model selection methods.

Suggested Citation

  • Cancelo, M.Teresa & Guisan, M.Carmen & Frias, Isidro, 2001. "Supply and Demand on Manufacturing Output in OECD countries: econometric models and specification test," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 1(2), pages 7-42.
    • Handle: RePEc:eaa:aeinde:v:1:y:2001:i:2_1
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    References listed on IDEAS

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    1. J. Bradford De Long & Lawrence H. Summers, 1991. "Equipment Investment and Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 445-502.
    2. Guisan, M.Carmen, 2001. "Causality and Cointegration between Consumption and GDP in 25 OECD countries: limitations of cointegration approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 1(1), pages 39-61.
    3. Fagerberg, Jan, 1988. "International Competitiveness," Economic Journal, Royal Economic Society, vol. 98(391), pages 355-374, June.
    4. Cancelo, M.T. & Guisan, M.C., 1997. "Educacion, inversion y competitividad en Paises de la OCDE 1964-94," Faculty of Economics 12, Universidad de Santiago de Compostela, Faculty of Economics, Applied Econometric and Quantitative Studies.
    5. Fagerberg, Jan, 1988. "International Competitiveness: Errata," Economic Journal, Royal Economic Society, vol. 98(393), pages 1203-1203, December.
    6. Makoto Nobukuni & F. Gerard Adams, 1990. "A Supply‐Side Interregional Model Of The U.S. Manufacturing Industry: 1960‐781," Papers in Regional Science, Wiley Blackwell, vol. 68(1), pages 71-81, January.
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    Citations

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    Cited by:

    1. Guisan, M.Carmen & Cancelo, M.Teresa, 2002. "Econometric Models of Foreign Trade in OECD Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 2(2), pages 65-81.
    2. Guisan, M.Carmen & Exposito, Pilar, 2002. "Education, Industry, Trade and Development of African Countries in 1980-99," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 2(2), pages 85-107.
    3. GUISAN, Maria-Carmen, 2009. "Real Exchange Rate Euro-Dollar And Foreign Trade Balance: Analysis Of Spain, Germany And France In Comparison With The Usa. 1960-2007," Economic Development 100, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    4. Guisan, M.C. & Exposito, P., 2013. "Employment, Production and Income by Sector in Spain: Econometric Models and Comparison with Germany and the United States, 1965-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 13(1), pages 78-90.
    5. Guisan, M.Carmen & Aguayo, Eva, 2003. "Education, Industry, Trade and Development of European and Eurasian Countries in 1980-99," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(1), pages 115-141.
    6. GUISAN, Maria-Carmen, 2015. "Selected Readings On Econometrics Methodology, 2001-2010: Causality, Measure Of Variables, Dynamic Models And Economic Approaches To Growth And Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(2), pages 213-220.

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    More about this item

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • F0 - International Economics - - General
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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