Aggregate import demand function for Pakistan: a co-integration approach

Javed Iqbal, Muhammad Tahir and Mirza Baig

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the determinants of aggregate import demand for Pakistan for the period 1972-1999. The Johansen (1988) co-integration analysis is used for establishing a long run relationship between real imports and its determinants namely real GDP, relative prices and exchange rate volatility. The error correction model is used to capture possible short run disequilbrium. This study provides evidence of a unique long run import demand function. This is further supported by analyzing impulse response function and variance decomposition.

Keywords: Co-integration; Import demand function (search for similar items in EconPapers)
JEL-codes: C22 F10 (search for similar items in EconPapers)
Date: 2001-03-10
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Citations: View citations in EconPapers (1)

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