Determination of Turkey's Import Demand by SUR Method

Demet Sezer, Asir Genc

Abstract


Seemingly Unrelated Regression(SUR) analysis method developed byZellner(1962) provides more efficient estimations than that of Least SquareEstimation (LSE) method when the random error terms in regression models thatdiscussed are correlated. In this study, Turkey’s import demand in selectedcountries is examined by  SUR analysismethod. The data set is compiled from “1923-2004 Statistical Indicators”published by Turkey Statistical Agency.

Keywords


Generalized least square method, least square method , seemingly unrelated regression

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