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Consumption, Import Prices, and the Demand for Imported Consumer Durables: A Structural Econometric Investigation

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  • Clarida, Richard H

Abstract

This paper derives and estimates a rational expectations optimizing model of the demand for imported consumer durable goods. The author is unable to reject the essential empirical implications of the model and obtain sensible estimates of the price and income elasticities of the demand for imported consumer durables. Copyright 1996 by MIT Press.

Suggested Citation

  • Clarida, Richard H, 1996. "Consumption, Import Prices, and the Demand for Imported Consumer Durables: A Structural Econometric Investigation," The Review of Economics and Statistics, MIT Press, vol. 78(3), pages 369-374, August.
  • Handle: RePEc:tpr:restat:v:78:y:1996:i:3:p:369-74
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    Cited by:

    1. Rodolfo Cermeño & Bjamin S. Jensen & Huver Rivera, 2010. "Trade Flows and Volatility of Their Fundamentals: Some Evidence from Mexico," Working papers DTE 496, CIDE, División de Economía.
    2. Kong, Moon-Kee & Lee, Hoe-Kyung, 1999. "Demand for medical care, consumption and cointegration," Economics Letters, Elsevier, vol. 62(3), pages 325-330, March.
    3. Sandor Valkovszky & Janos Vincze, 2001. "On price level stability, real interest rates and core inflation," BIS Papers chapters, in: Bank for International Settlements (ed.), Modelling aspects of the inflation process and the monetary transmission mechanism in emerging market countries, volume 8, pages 151-174, Bank for International Settlements.
    4. David G. Kenchington, 2019. "Does a change in dividend tax rates in the U.S. affect equity prices of non-U.S. stocks?," Review of Accounting Studies, Springer, vol. 24(2), pages 593-628, June.
    5. Maiorova, Ksenia & Fokin, Nikita, 2020. "Наукастинг Темпов Роста Стоимостных Объемов Экспорта И Импорта По Товарным Группам [Nowcasting the growth rates of the export and import by commodity groups]," MPRA Paper 109557, University Library of Munich, Germany.
    6. Polbin, Andrey & Fokin, Nikita, 2020. "Modeling the dynamics of import in the Russian Federation using the error correction model," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 59, pages 88-112.

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