This study tests long-run spatial market integration between price pairs of maize in four regional markets of Pakistan using cointegration and Error-Correction Model (ECM) approach. Hypotheses tests of market integration and causality are conducted using monthly wholesale maize prices in...

The study explores the causal relationship among export instability, income terms of trade instability and economic growth in India. By using the cointegration test and the vector error correction model for the period 1960 to 2008, the study demonstrates that there exists a long run equilibrium...

The intertemporal approach has become a basic reference in open economy macroeconomics for the theoretical understanding of the current account. Since the early 1980s there has been substantial growth in the literature using this approach to analyse the behaviour of the current account movements...

Purpose – The purpose of this paper is to estimate the short and the long run wheat demand elasticities in Pakistan. Design/methodology/approach – Using cointegration and vector error correction model (VECM) techniques, the main objective of the study has been achieved. Findings – The...

Purpose – The purpose of this paper is to estimate the short and the long run wheat demand elasticities in Pakistan. Design/methodology/approach – Using cointegration and vector error correction model (VECM) techniques, the main objective of the study has been achieved. Findings – The...