ARE IMPORTS AND EXPORTS OF KOREA COINTEGRATED?

Mohsen Bahmani‐Óskooee · Hyun‐Jae Rhee

60 citations0/0 files storedInternational Economic Journal

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Global trade and economics Monetary Policy and Economic Impact Global Financial Crisis and Policies

Abstract

Few studies have investigated the long-run convergence between imports and exports of a country. This paper investigates the Korean experience and founds that korea's imports and exports are cointegrated. The results indicate that Korea is not in violation of its international budget constraint. [F10]

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References

1990MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY 1992The Emerging U.S. Current Account Deficit in the 1980s: A Cointegration Analysis 1996The demand for money in Japan: Evidence from cointegration analysis 1994LONG-RUN ELASTICITIES OF THE DEMAND FOR MONEY IN KOREA: EVIDENCE FROM COINTEGRATION ANALYSIS

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