Narayan, Seema; Sriananthakumar, Sivagowry - In: Journal of Risk and Financial Management 13 (2020) 9, pp. 1-25
and imports coincides with less than proportional increases in exports with increases in imports. The current accounts of … strong form entails: (1) a cointegration, or a long run equilibrium, relationship between exports and imports of goods and … services; and (2) an increase in imports leading to a proportional increase in exports. Our findings imply that the external …