Are imports and exports of the five ASEAN economies co-integrated? An empirical study From: International Journal of Management | Date: March 1, 2003| Author: | Copyright International Journal of Management Mar 2003. Provided by ProQuest LLC.Copyright information

This paper aims to investigate the presence ofa unique equilibrium relationship between imports and exports of the five ASEAN founding economies. The unit root and cointegration approaches were used for analysis. The presence ofa long-run relationship among imports and exports of a country indicate favorable of macroeconomic policies being effective in correcting external imbalance in long-run. The results show that the imports and exports of Malaysia and Singapore are cointegrated. However this situation is not happened for the Philippine, Indonesia, and Thailand.

I. Introduction

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