Sedgley, Nigel; Smith, Jeremy - In: Oxford Bulletin of Economics and Statistics 56 (1994) 2, pp. 135-50
This paper uses the multivariate cointegration technique of Johansen to construct a manufacturing imports equation for the UK over the period from 1970 to the end of 1991. Imports are modeled in share form with a unit long-run elasticity on demand. The long-run equations are similar to those...