This paper estimates long-run and short-run trade elasticities of export demand for Guyana, Jamaica, and Trinidad and Tobago. To that end, a traditional export demand model is estimated for all three countries in the study using the bounds test for analyzing level relationships within the...

The aim of this study is to empirically test the validity of Thirlwall’s Law in China during the reform period of 1979-2002. For the income elasticity of import demand, an aggregate import demand function for the Chinese economy is estimated using ARDL-UECM model and the bounds test. This...

The aim of this study is to empirically test the validity of Thirlwall's Law in China during the reform period of 1979-2002. This study finds: (1) that for 1979-2002, the Chinese economy has grown on average as fast as Thirlwall's Law predicts - the average actual growth rate and predicted...

The goal of this paper is to examine the nexus between GDP and military expenditure. We model this relationship within a multivariate framework by including exports in the model. We use the recently developed bounds testing approach to cointegration and find that there is a long run relationship...