Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Aggregate imports and expenditure components in the UK
T2 - an empirical analysis
AU - Abbott, Andrew James
AU - Seddighi, Hamid
PY - 1996/9/1
Y1 - 1996/9/1
N2 - This paper examines the long-run relationship between UK aggregate imports and the macroeconomic components of final expenditure, using the Johansen multivariate cointegration analysis. It is found that there are significant differences between the long-run elasticities of import demand with respect to the different components of final expenditure, over the period 1972 to 1990. An error correction model is proposed for short-run forecasting of UK aggregate imports. The short-run model appears to track the data well.
AB - This paper examines the long-run relationship between UK aggregate imports and the macroeconomic components of final expenditure, using the Johansen multivariate cointegration analysis. It is found that there are significant differences between the long-run elasticities of import demand with respect to the different components of final expenditure, over the period 1972 to 1990. An error correction model is proposed for short-run forecasting of UK aggregate imports. The short-run model appears to track the data well.
U2 - 10.1080/000368496327967
DO - 10.1080/000368496327967
M3 - Journal article
VL - 28
SP - 1119
EP - 1125
JO - Applied Economics
JF - Applied Economics
SN - 0003-6846
IS - 9
ER -