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http://hdl.handle.net/10419/27400
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| Title: | | Are exports and imports of Chile cointegrated?  |
| Authors: | | Herzer, Dierk Nowak-Lehmann D., Felicitas |
| Issue Date: | | 2005 |
| Series/Report no.: | | Discussion papers // Ibero America Institute for Economic Research 111 |
| 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. |
| Subjects: | | Exports imports cointegration structural break Chile |
| JEL: | | F32 F10 C22 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Discussion Papers, IAI, Universität Göttingen
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