AGGREGATE IMPORT DEMAND FUNCTION FOR SLOVAKIA: EVIDENCE FROM ARDL BOUNDS TESTING APPROACH
Yükleniyor...
Dosyalar
Tarih
2011
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Natl Acad Management
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper estimates the aggregate import demand function for Slovakia, using recent cointegration approach, the ARDL bounds testing approach, for the quarterly period of 1993:1-2003:3. The results show that real import, relative price and real GDP are cointegrated. The CUSUM and CUSUMSQ stability tests indicate that there exists a stable import demand function. The results imply that price stabilization policies may not be used as instruments to maintain a favorable trade balance for Slovakia. Therefore, for a sustainable trade balance, the development of local industries should be encouraged in order to have less import.
Açıklama
Anahtar Kelimeler
aggregate import demand function, bounds tests analysis, Slovakia
Kaynak
Actual Problems of Economics
WoS Q DeÄŸeri
Q4
Scopus Q DeÄŸeri
Cilt
Sayı
119
