China's Imports : An Empirical Analysis Using Johansen's Cointegration Approach /

In this paper, the behavior of China's imports during the period 1980-92 is studied. The estimation of cointegration and error correction mechanisms enables the separation of the long-run and short-run determinants of imports in China. The estimated cointegrating vector using Johansen's co...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Yuan, Mingwei
Beste egile batzuk: Kochhar, Kalpana
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 1994.
Saila:IMF Working Papers; Working Paper ; No. 1994/145
Gaiak:
Sarrera elektronikoa:Full text available on IMF
LEADER 02193cas a2200325 a 4500
001 AALejournalIMF003414
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451856484 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Yuan, Mingwei. 
245 1 0 |a China's Imports :   |b An Empirical Analysis Using Johansen's Cointegration Approach /  |c Mingwei Yuan, Kalpana Kochhar. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1994. 
300 |a 1 online resource (38 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a In this paper, the behavior of China's imports during the period 1980-92 is studied. The estimation of cointegration and error correction mechanisms enables the separation of the long-run and short-run determinants of imports in China. The estimated cointegrating vector using Johansen's cointegration approach shows that, in the long run, China's imports are sensitive to changes in output, relative prices, and foreign exchange reserves. It also shows that the short-run output elasticity of imports is much greater than that in the long run, suggesting that import substitution may have been an important factor over the sample period. The forecasting ability of a conventional partial adjustment import function is then compared with that of the Johansen cointegration model; the Johansen model is shown to outperform the conventional one in forecasting accuracy. 
538 |a Mode of access: Internet 
650 7 |a Foreign Exchange Allocation  |2 imf 
650 7 |a Import Demand Model  |2 imf 
650 7 |a Import  |2 imf 
650 7 |a Regime  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a China, People's Republic of  |2 imf 
700 1 |a Kochhar, Kalpana. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1994/145 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1994/145/001.1994.issue-145-en.xml  |z IMF e-Library