Cointegration analysis for Japanese import demand: revisited
Using Xu's (2002) import demand equation, the present study re-investigates the presence of a cointegrating relation of Japan's aggregate import demand. The sample period covers quarterly data from 1973 to 2000. The results of various cointegration techniques confirm that the volume of import, domestic real activity variable, and relative prices term are not cointegrated.
Volume (Year): 10 (2003)
Issue (Month): 14 ()
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