Estimating Long-Run Elasticities Of Jordanian Import Demand Function: 1980-2004 An Application Of Dynamic Ols
AbstractThe paper estimates the long-run elasticities of import demand in Jordan over the period 1980-2004. The Engle-Granger test of co-integration, fails to find favor of a long-run relationship among variables associated with an import demand. Furthermore, the recently prescribed Stock-Watson Dynamic OLS (1993) procedure, is employed to derive long-run relative price and income elasticities. Results reveal that both relative price and income elasticity was -0.55 and 0.84 respectively which affect import demand significantly. Interestingly, the findings have implications explaining Jordanian import demand, in the long-run.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.
Volume (Year): 7 (2007)
Issue (Month): 2 ()
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Web page: http://www.usc.es/economet/eaa.htm
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
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