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Jungho Baek |
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''Analyzing a Long-Run Relationship between Exports and Imports Revisited: Evidence from G-7 Countries'' |
( 2016, Vol. 36 No.2 ) |
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The main objective of this study is to provide an up-to-date and robust assessment of the long-run relationship between exports and imports in the G-7 countries. Using an expanded sample size and an enhanced econometric technique - autogressive distributed lag (ARDL) bounds testing approach to cointegration, our results show that exports and imports are cointegrated for five out of the seven countries and the estimated long-run coefficients are less than one. |
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Keywords: Bounds testing approach; Cointegration; Exports; Imports |
JEL: C5 - Econometric Modeling: General |
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Manuscript Received : Dec 01 2015 | | Manuscript Accepted : Apr 14 2016 |
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