Econometric Modelling of the Variations of Norway’s Export Trade across Continents and over Time: The Two-Stage Non-Full Rank Hierarchical Linear Econometric Model Approach

Table 8

Intracontinental variation of the Norwegian export trade.

	Africa	Asia and Oceania	Europe	North and Central America	South America
Exports excluding ships and oil platforms
(i) Rank, characteristics	1, stable	1, stable	1, stable	1, stable	1, stable
Expected rank	1	1	1	1	1
Contribution, short Run	Insignificant	Significant	Significant	Significant	Insignificant
(ii) Contribution, long run	Positively growing with time	Positively growing with time	Positively growing with time, show random and high variability	No correlation with time, considerable variability	Positively growing with time
Mainland exports
(i) Rank, characteristics	2, stable	2, stable	3, stable	2, moderately stable	2, stable
Expected rank	2	2	3	Range from 2 to 3	2
Contribution, short run	Insignificant	Significant	Significant	Significant	Insignificant
(ii) Contribution, long run	Positively growing with time	Positively growing with time	Positively growing with time, show random variability	Positively growing with time, considerable variability	Positively growing with time
Export of ships
(i) Rank, characteristics	3, stable	4, stable	6, stable	5, I moderately stable	3, stable
Expected rank	3	4	6	Range from 4 to 5	3
Contribution, short run	Insignificant	Insignificant	Insignificant	Insignificant	Insignificant
(ii) Contribution, long run	Negatively declining with time, high variability	No correlation with time, high variability	No correlation with time, high variability	No correlation with time, high variability	No correlation with time, high variability
Export of new vessels
(i) Rank, characteristics	4, unstable	5, unstable	7, stable	6, stable	6, stable
Expected rank	Range from 4 to 6	Range from 5 to 6	7	Range from 6 to 7	6
Contribution, short run	Insignificant	Insignificant	Insignificant	Insignificant	Insignificant
(ii) Contribution, long run	No correlation with time, high variability	No correlation with time, high variability	No correlation with time, high variability	No correlation with time, high variability	Insignificant
Exports of condensates
(i) Rank, characteristics	5, unstable	8, unstable	5, stable	4, stable	8, stable
Expected rank	Range from 4 to 5	Range from 7 to 8	5	Range from 4 to 5	8
Contribution, short run	Insignificant	Insignificant	Insignificant	Insignificant	Insignificant
(ii) Contribution, long run	Insignificant	Positively growing with time	No correlation with time, high variability	No correlation with time, extreme high variability	Insignificant
Export of oil platforms
(i) Rank, characteristics	7, unstable	6, unstable	8, stable	8, moderately stable	7, stable
Expected rank	7	From 5 to 8	8	Ranges from 7 to 8	7
Contribution, short run	Insignificant	Insignificant	Insignificant	Insignificant	Insignificant
(ii) Contribution, long run	Insignificant	Positively growing with time	Insignificant	Insignificant	Insignificant
Export of crude oil
(i) Rank, characteristics	6, unstable	3, stable	2, stable	3, moderately stable	5, stable
Expected rank	Range from 5 to 6	3	2	Range from 2 to 3	5
Contribution, short run	Insignificant	Insignificant	Significant	Significant	Insignificant
(ii) Contribution, long run	Insignificant	Positively growing with time	Positively growing with time, show random variation	No correlation with time, extreme high variability	Insignificant
Exports of natural gas
(i) Rank, characteristics	8, unstable	7, unstable	4, stable	7, moderately stable	4, stable
Expected rank	8	Range from 5 to 7	4	Ranges from 7 to 8	4
Contribution, short run	Insignificant	Insignificant	Significant	Insignificant	Insignificant
(ii) Contribution, long run	Insignificant	Positively growing with time	Positively growing with time, show random variability	Positively growing with time, considerable variability	Insignificant