Cointegration

APPENDIX B Imports and Exports Imports 1300000- 1200000 1100000 1000000 900000 700000 600000 500000 400000 300000 200000 100000 1111 11 11 11 1 11 11 11 122222222222 222 9999999999999999999999999999999999999999900000000000000 566666666667777 7777778888886888999999999900000000001111 9012345678901234567890123456789012345678901234567890123 4444444444444444444444444444444444444444444444444444444 Date PLOT Imports - Exports Figure 2 Plot of Imports and Exports0.24 0.2 0.20 0.18 0.16 0.14 0.12 0.10 0.08 0.06 0.04 0.02 0.00 -0.02 0.04 -0.06 0.08 0.10 0.12 0.14 -0.16 0.18 -0.20 0.221 -0.24 111111111111111111 111111111111111122222222222222 9999999999999999999999999999999999999999908080808000000 5666666666677777777778888888888999999999900000000001 111 9012345678901234567890123456789012345678901234567890123 4444444444444444444444444444444444444444444444444444444 Date PLOT First difference Imports - First Difference Exports Figure 3 First Difference Imports and Exports Engle-Granger Cointegration Test Type Lag Tau Pr