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Trade liberalization and import-demand behavior in Bangladesh, 1974–2008

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  • Akhand Akhtar Hossain

    (The University of Newcastle, Australia)

Abstract

From the early 1980s onwards, Bangladesh has undertaken a series of trade-liberalization measures. In combination with the steady rise in real income over the past two-and a half decades, these measures have raised the country’s import-orientation and brought structural change in the composition of imports in favor of consumer goods and materials for consumption. This paper investigates import-demand behavior in Bangladesh within the Autoregressive-Distributed-Lag (ARDL) modeling framework using annual data for the period 1974–2008. The empirical results suggest the presence of a well-behaved import-demand function, in the senses that (1) Bangladesh’s imports are income-elastic and price-inelastic and (2) there is no evidence of instability in the Bangladesh import-demand relationship.

Suggested Citation

  • Akhand Akhtar Hossain, 2013. "Trade liberalization and import-demand behavior in Bangladesh, 1974–2008," Journal of Developing Areas, Tennessee State University, College of Business, vol. 47(2), pages 387-416, July-Dece.
    • Handle: RePEc:jda:journl:vol.47:year:2013:issue2:pp:387-416
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    Keywords

    Trade Liberalization; Import Trade; Cointegration and Error-Correlation; Structural Stability; Bangladesh;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • F10 - International Economics - - Trade - - - General

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