generalized additive model

COMPARING PARAMETRIC AND SEMIPARAMETRIC ERROR CORRECTION MODELS FOR ESTIMATION OF LONG RUN EQUILIBRIUM BETWEEN EXPORTS AND IMPORTS

by Henry De-Graft Acquah – Lawrence Acheampong This paper introduces the semiparametric error correction model for estimation of export-import relationship as an alternative to the least squares approach. The intent is to demonstrate how semiparametric error correction model can be used to estimate the relationship between Ghana’s export and import within…