Ali, Sharafat (2013): Cointegration Analysis of Exports and Imports: The Case of Pakistan Economy. Published in: European Journal of Technology and Development , Vol. 11, (August 2013): pp. 32-38.
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This paper analyzes the long run association between Pakistan’s exports and imports from 1972 to 2012. The results of both the Engle and Granger (1987) and Johansen (1991, 1995) cointegration reveal a long run relationship between the two variables. The error correction model results demonstrate that both of the variables converge towards long run equilibrium. This specifies the effectiveness of macrocosmic policies in stabilizing the international trade balance.
|Item Type:||MPRA Paper|
|Original Title:||Cointegration Analysis of Exports and Imports: The Case of Pakistan Economy|
|Keywords:||Exports, Imports, Cointegration, Budget Constraint|
|Subjects:||C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
F - International Economics > F1 - Trade > F14 - Empirical Studies of Trade
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies
|Depositing User:||Mr. Sharafat Ali|
|Date Deposited:||26. Aug 2013 14:12|
|Last Modified:||10. Jan 2016 01:57|
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