Rashid, Abdul; Razzaq, Tayyaba - Economics and Econometrics Research Institute (EERI) - 2010
We develop a structural econometric model of import demand for Pakistan, with binding foreign exchange constraint. ARDL … and DOLS techniques are used to estimate the log-run coefficients of price and income elasticities. The empirical results … from ARDL bound testing approach and Johansen’s method for cointegration show strong evidence of the existence of a long …