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https://doi.org/10.1080/1331677X.2019.1674177

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

Mile Bošnjak   ORCID icon orcid.org/0000-0002-7663-198X ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia

Puni tekst: engleski, pdf (2 MB) str. 3648-3699 preuzimanja: 59* citiraj
APA 6th Edition
Bošnjak, M. (2019). Time-varying parameters approach to sustainability of international trade flows: the case of Croatia and Serbia compared. Economic research - Ekonomska istraživanja, 32 (1), 3648-3699. https://doi.org/10.1080/1331677X.2019.1674177
MLA 8th Edition
Bošnjak, Mile. "Time-varying parameters approach to sustainability of international trade flows: the case of Croatia and Serbia compared." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 3648-3699. https://doi.org/10.1080/1331677X.2019.1674177. Citirano 28.03.2020.
Chicago 17th Edition
Bošnjak, Mile. "Time-varying parameters approach to sustainability of international trade flows: the case of Croatia and Serbia compared." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 3648-3699. https://doi.org/10.1080/1331677X.2019.1674177
Harvard
Bošnjak, M. (2019). 'Time-varying parameters approach to sustainability of international trade flows: the case of Croatia and Serbia compared', Economic research - Ekonomska istraživanja, 32(1), str. 3648-3699. https://doi.org/10.1080/1331677X.2019.1674177
Vancouver
Bošnjak M. Time-varying parameters approach to sustainability of international trade flows: the case of Croatia and Serbia compared. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 28.03.2020.];32(1):3648-3699. https://doi.org/10.1080/1331677X.2019.1674177
IEEE
M. Bošnjak, "Time-varying parameters approach to sustainability of international trade flows: the case of Croatia and Serbia compared", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 3648-3699, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1674177

Sažetak
The empirical literature that relies on conventional cointegration approaches fails to support the existence of cointegration between exports and imports in some countries. This article moves a step ahead and contributes to existing literature to overcome the issue of the unexplained relationship between exports and imports. The research samples consist of quarterly data over the periods 2000q1–2017q2 and 2004q1–2017q2 for the Croatian and the Serbian cases, respectively. The results illustrated that the state- space model with time-varying parameters (T.V.P.) is well suited to establish the relationship between exports and imports when the standard cointegrating relationship does not hold.

Ključne riječi
Croatia; Serbia; international trade; time-varying parameters (T.V.P.)

Hrčak ID: 229705

URI
https://hrcak.srce.hr/229705

Posjeta: 90 *