Oğuş Binatlı, Ayla; Sohrabji, Niloufer - 2008
+ (which include imports, net interest and unilateral transfer payments). Cointegration between inflows and outflows implies … that the intertemporal budget constraint is satisfied. We use the Johansen and the Gregory and Hansen (1996) cointegration … tests to determine linkages between exports and imports+ in Turkey. Using the Johansen test we find no cointegration and …