Modisaatsone, Naledi C.; Motlaleng, G.R. - In: E3 Journal of Business Management and Economics. 4 (2013) 5, pp. 125-138
This paper investigates the effects of the Rand/Pula exchange rate volatility on Botswana*s disaggregated imports. The VECM framework is selected in order to take into account the possibility of simultaneity between endogenous and exogenous variables. The VECM also allows the use of impulse...