Pakistan Economic and Social Review - Lahore

PAKISTAN ECONOMIC and SOCIAL REVIEW

School of Economics, University of the Punjab, Lahore
ISSN (print): 1011-002X
ISSN (online): 2224-4174
Abstract

Many studies have estimated the aggregate import demand function for Pakistan by using non-stationary data. Their findings suffer from the so-called ‘spurious regression’ problem. This study attempts to estimate the aggregate import demand function for Pakistan by employing Johansen and Juselius cointegration technique on the annual data for the period 1975-2005. Our results show that there is long-run equilibrium relationship among variables and the stability tests indicate that import demand function remains stable over the sample period and hence the estimated results are appropriate for policy implications.

Author(s):

HAFEEZ UR REHMAN

Professor/Chairman

Department of Economics at the University of the Punjab, Lahore

Pakistan

Details:

Type: Articles
Volume: 45
Issue: 2
Language: English
Id: 608fb38cd0f15
Pages 245 - 256
Published December 31, 2007

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Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.