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This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and...
Persistent link: https://www.econbiz.de/10012937557
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and...
Persistent link: https://www.econbiz.de/10013027665
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical
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tourism expenditures, LTS and business travel and tourism expenditures, BTS) during the period 1988-2011 for India. For this … cointegration tests, VAR models with an error-correction term, impulse responses, variance decompositions and forecasts generated … relationships although this model failed to support the significance of causal links between total tourism expenditure and India …
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