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Inflation, Income, and Resource Rents: Unpacking Macroeconomic Drivers of Import Demand via Fixed Effects Modeling

In: Proceedings of the 2025 7th International Conference on Economic Management and Cultural Industry (ICEMCI 2025)

Author

Listed:
  • Yihuan Yang

    (The Hong Kong Polytechnic University)

  • Haoyue Liu

    (Sino-Danish College, University of Chinese Academy of Sciences)

Abstract

This study explores the factors influencing a country’s imports of goods and services using panel data from 30 countries spanning 2009–2018. Employing a fixed-effects regression model, the study examines the impacts of inflation, per capita adjusted net national income, natural resource rents, and labor force on imports. Results show that inflation, income, and labor force have positive impacts on imports, while natural resource rents have a negative effect. These findings highlight the complex links between economic conditions and trade, offering insights for policymakers to better understand the drivers of import demand.

Suggested Citation

  • Yihuan Yang & Haoyue Liu, 2025. "Inflation, Income, and Resource Rents: Unpacking Macroeconomic Drivers of Import Demand via Fixed Effects Modeling," Advances in Economics, Business and Management Research, in: Abdelhak Senadjki & Chee Yoong Liew & Yahua Xu & Fong Peng Chew (ed.), Proceedings of the 2025 7th International Conference on Economic Management and Cultural Industry (ICEMCI 2025), pages 631-638, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-888-2_61
    DOI: 10.2991/978-94-6463-888-2_61
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