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Pakistan. ARDL bound testing approach to cointegration is used to analyze the long run relationship of import demand, relative … Pakistan. For the analysis of Short Run dynamics, Vector Error Correction Model (VECM) has been used. The results show that all … expenditure components have positive and significant impact on import demand in Pakistan while the effect of relative prices is …
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We develop a structural econometric model of import demand for Pakistan, with binding foreign exchange constraint. ARDL … from ARDL bound testing approach and Johansen’s method for cointegration show strong evidence of the existence of a long …
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