Are Imports and Exports of Korea Cointegrated?
Few studies have investigated the long-run convergence between imports and exports of a country. This paper investigates the Korean experience and founds that korea's imports and exports are cointegrated. The results indicate that Korea is not in violation of its international budget constraint. [F10]
Volume (Year): 11 (1997)
Issue (Month): 1 ()
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References listed on IDEAS
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- Frankel, Jeffrey A., 1993.
"Foreign Exchange Policy, Monetary Policy and Capital Market Liberalization in Korea,"
Center for International and Development Economics Research (CIDER) Working Papers
233181, University of California-Berkeley, Department of Economics.
- Jeffrey A. Frankel., 1993. "Foreign Exchange Policy, Monetary Policy and Capital Market Liberalization in Korea," Center for International and Development Economics Research (CIDER) Working Papers C93-008, University of California at Berkeley.
- Bahmani-Oskooee, Mohsen & Shabsigh, Ghiath, 1996. "The demand for money in Japan: Evidence from cointegration analysis," Japan and the World Economy, Elsevier, vol. 8(1), pages 1-10, March.
- Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
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