Journal of Economic and Social Research 4 (2), 71-92 Time Series Analysis of the Somalian Export Demand Equations: A Co-integration Approach Mohamed A. Osman 1 & Scott R. Evans 2 Abstract. In this paper, we estimated the short-run and long-run elasticities of the Somalian exports using the techniques of co-integration and error correction. The model was estimated for banana and livestock exports using annual data for the period 1967-1987. The results obtained provide evidence of a long-run equilibrium relationship between the Somalian exports and its major determinants. The error correction predicts the adjustment of the variables to their long-run equilibrium value reasonably well, but there is a substantial variation in the adjustment speed across commodities. Our results suggest that the Somalian exports are largely explained by the foreign income and are less sensitive to relative prices. JEL Classification Codes: F14. Key Words: Somalia, co-integration, time series, export demand equations, error correction regression 1. Introduction One of the most important macroeconomic objectives of the Sub-Saharan African (SSA) countries and particularly Somalia is that of achieving and sustaining long run economic growth. Fundamental to this objective is the 1 Consultant and research fellow at the Somali Institute of Research and Development. 2 Research Scientist, Department of Biostatistics, Harvard School of Public Health.