Naslov
Time-varying parameters approach to sustainability of international trade flows: the case of Croatia and Serbia compared

Autori
Bošnjak, Mile

Izvornik
Economic Research-Ekonomska Istraživanja (1331-677X) 32 (2019), 1; 3684-3699

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Croatia ; Serbia ; internationaltrade ; time-varyingparameters (T.V.P.)

Sažetak
The empirical literature that relies on conventional cointegrationapproaches fails to support the existence of cointegration betweenexports and imports in some countries. This article moves a stepahead and contributes to existing literature to overcome the issueof the unexplained relationship between exports and imports.The research samples consist of quarterly data over the periods2000q1–2017q2 and 2004q1–2017q2 for the Croatian and theSerbian cases, respectively. The results illustrated that the state-space model with time-varying parameters (T.V.P.) is well suited toestablish the relationship between exports and imports when thestandard cointegrating relationship does not hold. (PDF) Time-varying parameters approach to sustainability of international trade flows: the case of Croatia and Serbia compared. Available from: https://www.researchgate.net/publication/336742 501_Time- varying_parameters_approach_to_sustainability_o f_international_trade_flows_the_case_of_Croatia _and_Serbia_compared [accessed Oct 23 2019].

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

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