imports

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…

An Application of the Error Correction Model in Analyzing the Long Run Equilibrium between Ghana’s Exports and Imports

by: Henry de-Graft Acquah – Joyce De-Graft Acquah This study investigates the long-run relationship between Ghana’s exports and imports for the period of 1948 to 2012. Using the Engle Granger two-step procedure we find that Ghana’s exports and imports are cointegrated. However, the slope coefficients from the cointegration equations were not…