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Import Demand Functions: Evidence From Cibs

Author

Listed:
  • YAN ZHOU

    () (California State University)

  • SMILE DUBE

    (California State University)

Abstract

This paper adopts the bounds testing approach to test for the validity of the cointegration or stationarity restriction embodied in five import demand model specifications for CIBS during the period 1970-2007. It identifies long-run relationships in a subset of the five models for each CIBS countries. We find that long-run income elasticities are much higher compared to earlier studies and are higher than the short-run counterparts for CIBS. In addition, contrary to the traditional wisdom, price elasticities are not significantly negative for these countries.

Suggested Citation

  • Yan Zhou & Smile Dube, 2011. "Import Demand Functions: Evidence From Cibs," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 36(4), pages 73-96, December.
  • Handle: RePEc:jed:journl:v:36:y:2011:i:4:p:73-96
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    Cited by:

    1. Arzu Tay Bayramoglu & Deniz Sukruoglu, 2016. "Non-Energy Import Demand Function in Turkey: New Evidence," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(12), pages 750-761, December.
    2. Caner COLAK & Selman TOKPUNAR & Yasin UZUN, 2014. "Determinants of Sectoral Import in Manufacturing Industry: A Panel Data Analysis," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 14(2), pages 271-281.

    More about this item

    Keywords

    Import Demand; ARDL; Bounds Test; Income Elasticities; Price Elasticities;

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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