Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27400
Authors: 
Herzer, Dierk
Nowak-Lehmann D., Felicitas
Year of Publication: 
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

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