Volume 9, Issue 4 (October,November 2004)
JPBUD 2004, 9(4): 37-50 |
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Kharazmi A, Samadi A. (2004). Evaluating Long-Run Relationship between Imports and Exports and Testing Current Account Deficit Sustainability in OPEC Member Countries (1960-1998). JPBUD. 9(4), 37-50.
URL: http://jpbud.ir/article-1-100-en.html
URL: http://jpbud.ir/article-1-100-en.html
Abstract: (9475 Views)
This paper tries to evaluate long-run relationship between imports and exports in OPEC member countries during 1960-1998 as well as to test the foreign deficit sustainability in those countries during the same period of time. The author uses Johansen cointegration method to achieve this purpose. The results indicate that there is no long-run relationship between the mentioned variables in I.R Iran, Saudi Arabia, Kuwait and Gabon, yet the relationship has been observed in Indonesia, United Arab Emirates, Algeria and Nigeria. This relationship could not be surveyed in Iraq, Libya and Qatar (due to data inaccessibility), and neither in Venezuela and Ecuador (due to stationary variables). Absence of a cointegrated relationship between the variables in variables indicates that the foreign deficit is not sustainable and some changes should be made in trade policies.
Type of Study: Applicable |
Received: Sep 25 2011 | ePublished: Oct 15 2004
Received: Sep 25 2011 | ePublished: Oct 15 2004
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