Irandoust, Manuchehr; Ericsson, Johan - In: Metroeconomica 55 (2004) 1, pp. 49-64
In this paper we use the Johansen and Juselius cointegration technique to examine the long-run convergence between imports and exports for a number of industrialized countries. The results indicate that there exists a long-run steady-state relationship between imports and exports for most...