A convenient method for the estimation of ARDL parameters and test statistics: USA trade balance and real effective exchange rate relation

This paper suggests an alternative yet effective way of obtaining long-run parameters of ARDL estimators as well as their test statistics. We contribute by providing an approach that is simple to implement, user-friendly and portable in which we can simultaneously investigate not only the long-run relationship but also the short-run dynamics. Additionally, our approach can be used without the need to buy new software, and it may be indispensable in the face of tighter expenditure budgets and the increasing cost of education for students. Finally, we affirm our approach by demonstrating through bivariate and multivariate examples using the trade balance of the United States.