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| Takamitsu Kurita |
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| ''Investigating time series properties of a dynamic system for Japan's
import demand'' |
| ( 2010, Vol. 30 No.1 ) |
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| This note aims to investigate time series properties of a dynamic system for Japan's aggregate import demand. A multivariate cointegration analysis of Japanese data reveals a stable economic linkage interpretable as a long-run import demand function. A vector equilibrium correction system is then estimated, which exhibits short-run and long-run interdependent relationships between aggregate import demand and the ratio of import price to domestic price level. |
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| Keywords: Aggregate Import Demand, Cointegration, Vector Equilibrium Correction System. |
JEL: C3 - Time-Series Models
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| Manuscript Received : Dec 08 2009 | | Manuscript Accepted : Feb 03 2010 |
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