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An empirical analysis of sustainability of trade deficit: Evidence from Sri Lanka


Perera, Nelson and Verma, Reetu (2007) An empirical analysis of sustainability of trade deficit: Evidence from Sri Lanka. In: International Economic Conference on Trade and Industry (IECTI) 2007, 3 - 5 December 2007, Bayview Hotel Georgetown, Penang. (Unpublished)

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Abstract

In this paper, the long-run relationship between Sri Lanka exports and imports during the period 1950 to 2006 is examined using unit root tests and co-integration techniques that allow for an endogenously determined structural break. The results failed to support the existence of a long-run equilibrium between exports and imports in Sri Lanka. This finding questions the effectiveness of Sri Lanka’s current long-term macroeconomic policies and suggests that Sri Lanka is in violation of its international budget constraint.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Organized by Faculty of Economics, Universiti Utara Malaysia
Uncontrolled Keywords: Trade Deficit, Exports, Imports, Unit root, Structural Breaks, Co-integration, Sri Lanka
Subjects: H Social Sciences > HF Commerce
Divisions: College of Arts and Sciences
Depositing User: Mrs. Juwita Johari
Date Deposited: 21 Feb 2011 13:07
Last Modified: 21 Feb 2011 13:07
URI: http://repo.uum.edu.my/id/eprint/2465

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