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Empirical Analysis of Import Demand Behavior of Least Developed Countries Author info | Abstract | Publisher info | Download info | Related research | Statistics Yoichi, Matsubayashi
Shigeyuki, Hamori
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This paper examines the long-run stability of import demand function in least developed countries (LDCs) using recently developed panel cointegration techniques. We test for cointegration using two data sets: a) annual data for 15 countries from 1965 to 2004; and b) annual data for 22 countries from 1984 to 2004. We find that cointegration is present and that, indeed, there is a stable import demand function in these economies. The income elasticity ranges from 1.26 to 1.69 and price elasticity ranges from -0.72 to -0.75.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
17266.
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Date of creation: Sep 2009Date of revision:
Publication status: Published in Economics Bulletin 2.29(2009): pp. 1460-1475Handle: RePEc:pra:mprapa:17266Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Ekkehart Schlicht).
Keywords: import demand ; panel unit root ; panel cointegration ; LDCs ; Other versions of this item:
Find related papers by JEL classification: O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Ivohasina Fizara Razafimahefa & Shigeyuki Hamori, 2005.
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Hamori, Shigeyuki & Matsubayashi, Yoichi, 2001.
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Shigeyuki, Hamori & Yoichi, Matsubayashi, 2009.
"Empirical Analysis of Export Demand Behavior of LDCs: Panel Cointegration Approach ,"
MPRA Paper
17316, University Library of Munich, Germany.
[Downloadable!]
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