Is Lebanon’s Trade Deficit Sustainable? A Cointegration Analysis
AbstractThis 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 InfoArticle provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.
Volume (Year): 54 (2001)
Issue (Month): 1 ()
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Trade deficit sustainability; Lebanon; cointegration.;
Find related papers by JEL classification:
- F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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- 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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