期刊名称：South-Eastern Europe Journal of Economics (SEEJE)
印刷版ISSN：1109-8597
电子版ISSN：1792-3115
出版年度：2012
卷号：10
期号：1
出版社：Association of Economic Universities of South and Eastern Europe and the Black Sea Region
摘要：In this study, we examined the long-run relationship between oil and non-oil exports and imports, in order to see whether the current account deficit in India is sustainable. To achieve our objective we have carried out cointegration analysis with structural breaks (as unit root analysis of both variables shows that these variables have been subject to structural changes). Interestingly, we found that there is a strong evidence of a long-run relationship between non-oil exports and imports and no evidence in the case of oil exports and imports. This implies that a foreign trade deficit is sustainable in the Indian context for non-oil commodities but not for oil commodities
关键词：Oil and non-oil exports; oil and non-oil imports; unit root; structural ;breaks; cointegration
