Bahmani-Oskooee, Mohsen; Economidou, Claire; Goswami, … - In: Journal of Economic Studies 32 (2005) October, pp. 455-467
Purpose – To avoid aggregation bias by using trade data at bilateral level so that we can determine how sensitive are Britain's inpayments and outpayments to the value of the British pound. Design/methodology/approach – The method is based on the bounds testing approach to cointegration and...