Bank Credit and Aggregate Import Demand in South Africa: An Autoregressive Distributed Lag Approach

@article{Ziramba2017BankCA,
  title={Bank Credit and Aggregate Import Demand in South Africa: An Autoregressive Distributed Lag Approach},
  author={Emmanuel Ziramba and Johanna Mumangeni},
  journal={European scientific journal},
  year={2017},
  volume={13},
  pages={71}
}
This study reformulated the aggregate import demand function for South Africa by incorporating a financial variable, bank credit. The study used the bounds testing approach for cointegration and the autoregressive distributed lag models to estimate short-run and long-run elasticities of aggregate import demand. The cointegration results confirm a long run relationship between the quantity of imports and the explanatory variables. Although bank credit has a positive impact on aggregate imports… 
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