Co-integration and error-correction modelling of olive oil consumption in Greece

Authors
Tzouvelekas, V Loizou, S Giannakas, K Mattas, K
Citation
V. Tzouvelekas et al., Co-integration and error-correction modelling of olive oil consumption in Greece, APPL ECON L, 8(8), 2001, pp. 539-543
Citations number
18
Categorie Soggetti
Economics
Journal title
APPLIED ECONOMICS LETTERS
ISSN journal
13504851 → ACNP
Volume
8
Issue
8
Year of publication
2001
Pages
539 - 543
Database
ISI
SICI code
1350-4851(200108)8:8<539:CAEMOO>2.0.ZU;2-Y
Abstract
This paper provides an empirical analysis of olive oil consumption in Greec e for the period 1969-1998 using co-integration analysis. The estimated lon g and short-run elasticities suggest that prices of olive oil and other see d oils are more significant determinants of olive oil consumption than disp osable income.