An important issue of debate in economic base literature is whether the export-base theory applies best to the short run, the long run, or both. An attempt is being made here in answering this crucial question by applying a two-step test for cointegration on quarterly employment data, and in gaining insights as to whether or not any unequivocal judgment can be made regarding the validity of the economic base hypothesis.
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number
20640.
Length: Date of creation: 2001 Date of revision: Handle: RePEc:ags:aaea01:20640
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