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Is Lebanon’s Trade Deficit Sustainable? A Cointegration Analysis

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Author Info

  • Pattichis, Charalambos

    ()
    (Cyprus International Institute of Management, Nicosia, Cyprus, and Lebanese American University, Beirut)

  • kanaan, Mona

    (The Open University, Department of Statistic)

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    Abstract

    This paper focuses on the sustainability of Lebanon’s trade deficit over a period characterised by war and reconstruction. Annual and quarterly data on imports and exports were used. Unit root and cointegration tests suggest that imports and exports are cointegrated and the trade balance is stationary. These results carry the important implication that Lebanon’s trade deficit is sustainable.

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    Bibliographic Info

    Article provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.

    Volume (Year): 54 (2001)
    Issue (Month): 1 ()
    Pages: 49-56

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    Handle: RePEc:ris:ecoint:0225

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    Related research

    Keywords: Trade deficit sustainability; Lebanon; cointegration.;

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    Cited by:
    1. Holmes, Mark J, 2003. "Are the Trade Deficits of Less Developed Countries Stationary?. Evidence for African Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(3).

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