Choong, Chee Keong and Soo, Siew Choo and Yusop, Zulkornain (2004) Are Malaysian exports and imports cointegrated? Sunway Academic Journal, 1. pp. 29-38.
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Abstract
This paper investigates the long-run relationship between Malaysian exports and imports. Towards this end, multivariate cointegration techniques have been applied. For all measures (or cases), both the unrestricted and restricted cointegration results demonstrate that there exists a long-run relationship between Malaysian exports and imports. Simply put, both the variables will converge towards equilibrium in the long run which indicates the effectiveness of Malaysia?s long-term macroeconomic planning in stabilising trade balance. Thus, the Malaysian economy does not violate its inter-temporal budget constraint.
| Item Type: | Article |
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| Additional Information: | First author affiliated with Universiti Tunku Abdul Rahman; second author affiliated with Monash Universiti Malaysia; third author affiliated with Universiti Putra Malaysia. |
| Uncontrolled Keywords: | trade balance; inter-temporal budget constraint; cointegration |
| Subjects: | H Social Sciences > HF Commerce |
| Divisions: | Others > Non Sunway Academics |
| Depositing User: | Administrator Admin |
| Date Deposited: | 15 Oct 2012 01:19 |
| Last Modified: | 15 Oct 2012 03:24 |
| URI: | http://eprints.sunway.edu.my/id/eprint/3 |
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