Do Imports and Exports Adjust Nonlinearly? Evidence from 100 Countries

被引：8

作者：

Arize, Augustine C. ^{[1
]}

Bahmani-Oskooee, Mohsen ^{[2
,3
]}

机构：

[1] Texas A&M Univ, Coll Business, Dept Econ & Finance, Commerce, TX 75429 USA

[2] Univ Wisconsin, Ctr Res Int Econ, Milwaukee, WI 53211 USA

[3] Univ Wisconsin, Dept Econ, Milwaukee, WI 53211 USA

来源：

GLOBAL ECONOMY JOURNAL | 2018年 / 18卷 / 01期

关键词：

imports; exports; asymmetry analysis;

D O I：

10.1515/gej-2017-0094

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A country is said to live within its international budget constraint if its exports and imports are cointegrated. Previous studies that tried to verify the cointegration between exports and imports used linear models and supported the theory in almost 50% of countries. In this paper, when we use the nonlinear ARDL approach and asymmetry cointegration method, we support the long-run link between imports and exports in 94 out of 100 countries in our sample. This study is not only the most comprehensive study in the literature, but it is also the first to show that, indeed, trade flows adjust in a nonlinear fashion.

引用

页数：30

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