Eine asymmetrische, dynamische Importfunktion für die Deutschen Kraftfahrzeugimporte

The bivariate nonlinear time series model, presented in this paper, offers the possibility to estimate dynamic asymmetric economic relationships depending on threshold parameters and time lags. The application of this model to German import demand for automobiles depending on relative prices shows,...

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Bibliographic Details
Published in:Jahrbuch für Sozialwissenschaft 1992-01, Vol.43 (1), p.130-140
Main Author: Kräger, Horst
Format: Article
Language:ger
Online Access:Get full text
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Summary:The bivariate nonlinear time series model, presented in this paper, offers the possibility to estimate dynamic asymmetric economic relationships depending on threshold parameters and time lags. The application of this model to German import demand for automobiles depending on relative prices shows, that only changes in relative prices of less than 0,12% lead to a statistical significant dynamic relation. The simulation results indicate the stability of the model and show that a unique shock of domestic prices has an influence on the imports, but the adjustment is fulfilled after one year and the model follows a long-term growth trend.
ISSN:0075-2770