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Determinants of Import Demand in Thailand

Author

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  • Dipendra Sinha

Abstract

This study estimates an aggregate import demand function for Thailand. The earlier studies on import demand based on time series date did not deal with the issue of stationarity of the time series before estimation. Using the cointegration approach, we find aggregate import demand for Thailand to be price inelastic, cross price inelastic (with respect to domestic price) and income inelastic in the short run. In the long run, aggregate import demand is still price inelastic and cross price inelastic. However, aggregate import demand is highly income elastic in the long run. [C22, F14]

Suggested Citation

  • Dipendra Sinha, 1997. "Determinants of Import Demand in Thailand," International Economic Journal, Taylor & Francis Journals, vol. 11(4), pages 73-873.
  • Handle: RePEc:taf:intecj:v:11:y:1997:i:4:p:73-873
    DOI: 10.1080/10168739700000027
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    Citations

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    Cited by:

    1. Tsangyao Chang & Yuan-Hong Ho & Chiung-Ju Huang, 2005. "A Reexamination Of South Korea¡¯S Aggregate Import Demand Function: The Bounds Test Analysis," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 30(1), pages 119-128, June.
    2. Tang, Tuck Cheong, 2003. "An empirical analysis of China's aggregate import demand function," China Economic Review, Elsevier, vol. 14(2), pages 142-163.
    3. Tang Tuck Cheong, 2003. "Aggregate Import Demand Function For Eighteen Oic Countries: A Cointegration Analysis," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 11(2), pages 167-195, December.
    4. Khurram Ashfaq Baluch & Syed Kalim Hyder Bukhari, 2012. "Price and Income Elasticity of Imports: The Case of Pakistan," Working Papers id:4899, eSocialSciences.
    5. Rijal, Asim & Koshal, Rajindar K. & Jung, Chulho, 2000. "Determinants of Nepalese imports1," Journal of Asian Economics, Elsevier, vol. 11(3), pages 347-354, December.
    6. Barns, Jeremy R., 2004. "Toward Understanding Philippine Trade in Services: A Demand Approach," Philippine Journal of Development PJD 2003 Vol. XXX No. 1-e, Philippine Institute for Development Studies.
    7. Philip Chimobi Omoke, 2012. "Aggregate Import Demand and Expenditure Components in Nigeria," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 1(1), pages 149-163, March.
    8. Stefano Chiarlone, 2000. "Trade of quality differentiated goods and import elasticities," KITeS Working Papers 112, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Jul 2000.
    9. Augustine C. Arize & Thomas Osang, 2007. "Foreign Exchange Reserves and Import Demand: Evidence from Latin America," The World Economy, Wiley Blackwell, vol. 30(9), pages 1477-1489, September.
    10. Narayan, Paresh Kumar & Narayan, Seema, 2005. "Estimating income and price elasticities of imports for Fiji in a cointegration framework," Economic Modelling, Elsevier, vol. 22(3), pages 423-438, May.
    11. Tuck Cheong Tang, 2002. "Aggregate Import Demand Behavior For Indonesia: Evidence From The Bounds Testing Approach," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 10(2), pages 179-199, December.
    12. Agbola, Frank W. & Damoense, Maylene Y., 2003. "An empirical examination of import demand for pulses in India," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57823, Australian Agricultural and Resource Economics Society.
    13. Sadaf Majeed & Abdul Waheed, 2012. "Analyzing the Import Demand Function with Expenditure Components: Evidence from Pakistan," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 19(2), pages 245-259, November.
    14. Kalyoncu, Huseyin, 2006. "An aggregate import demand function for Turkey: a cointegration analysis," MPRA Paper 4260, University Library of Munich, Germany.
    15. Musyoka, M.P., 2010. "Using Double-Log Imperfect Import Substitutes Model to Estimate Compensated Elasticities and Welfare Impacts," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 95774, African Association of Agricultural Economists (AAAE);Agricultural Economics Association of South Africa (AEASA).
    16. Frimpong, Joseph Magnus & Oteng-Abayie, Eric Fosu, 2006. "Aggregate Import demand and Expenditure Components in Ghana:An Econometric Analysis," MPRA Paper 599, University Library of Munich, Germany, revised 15 Aug 0002.
    17. Tang, Tuck Cheong, 2003. "Japanese aggregate import demand function: reassessment from the 'bounds' testing approach," Japan and the World Economy, Elsevier, vol. 15(4), pages 419-436, December.
    18. M. Adetunji Babatunde & Festus O. Egwaikhide, 2010. "Explaining Nigeria's import demand behaviour: a bound testing approach," International Journal of Development Issues, Emerald Group Publishing, vol. 9(2), pages 167-187, July.
    19. Camacho-Gutiérrez, Pablo, 2010. "Dynamic OLS estimation of the U.S. import demand for Mexican crude oil," MPRA Paper 30608, University Library of Munich, Germany.

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