The present study focuses on the cointegration between Export and Gross Domestic Product and its components at current and constant prices. Time series data for Export and Gross Domestic Product and its components has been taken for the period 1950-51 to 2001-02. In the long run export and GDP reveal that export and GDP at constant prices are not cointegrable while export and GDP at current prices are cointegrable and also the direction of causality is positive. In the short run, through error correction mechanism it has been observed that GDP as dependent variable and export as an independent variable show that short run changes in export have affected positively to GDP and its components.
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
14670.
Length: Date of creation: Apr 2006 Date of revision:
Oct 2006 Publication status: Published in Journal of Global Economy 4.2(2006): pp. 245-277 Handle: RePEc:pra:mprapa:14670
Find related papers by JEL classification: C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions
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