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Investigating time series properties of a dynamic system for Japan's import demand

Author

Listed:
  • Takamitsu Kurita

    (Faculty of Economics, Fukuoka University)

Abstract

This note aims to investigate time series properties of a dynamic system for Japan's aggregate import demand. A multivariate cointegration analysis of Japanese data reveals a stable economic linkage interpretable as a long-run import demand function. A vector equilibrium correction system is then estimated, which exhibits short-run and long-run interdependent relationships between aggregate import demand and the ratio of import price to domestic price level.

Suggested Citation

  • Takamitsu Kurita, 2010. "Investigating time series properties of a dynamic system for Japan's import demand," Economics Bulletin, AccessEcon, vol. 30(1), pages 450-460.
    • Handle: RePEc:ebl:ecbull:eb-09-00759
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2010/Volume30/EB-10-V30-I1-P40.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Aggregate Import Demand; Cointegration; Vector Equilibrium Correction System.;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • F0 - International Economics - - General

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