Are exports and imports of Chile cointegrated?

Dierk Herzer and Felicitas Nowak-Lehmann D. ()
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Felicitas Nowak-Lehmann D.: Universität Göttingen, http://www.iai.wiwi.uni-goettingen.de
Authors registered in the RePEc Author Service: Felicitas Nowak-Lehmann D.

No 111, Ibero America Institute for Econ. Research (IAI) Discussion Papers from Ibero-America Institute for Economic Research

Abstract: This study examines the long-run relationship between Chilean exports and imports during the 1975-2004 period using unit root tests and cointegration techniques that allow for endogenously determined structural breaks. The results indicate that there exists a long-run equilibrium between exports and imports in Chile, despite the balance-of-payments crisis of 1982-83. This finding implies that Chile\'s macroeconomic policies have been effective in the long-run and suggests that Chile is not in violation of its international budget constraint.

Keywords: Exports; imports; cointegration; structural break; Chile (search for similar items in EconPapers)
JEL-codes: C22 F10 F32 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2005-07-12
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:got:iaidps:111

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