IDEAS home Printed from https://ideas.repec.org/p/ags/uerssr/278152.html
   My bibliography  Save this paper

Testing For The Impact Of Inflation On Import Demand Functions

Author

Listed:
  • Arnade, Carlos
  • Dixit, Praveen

Abstract

This paper questions the standard assumption that inflation has no effect on import demand functions. We describe a simple method for testing whether proportionate changes in prices and income influence import demands. We estimate several import demand functions and provide, some evidence that inflation influences importers' demand. We also show that, when estimating import demand functions, it is difficult to test for the correct index of inflation.

Suggested Citation

  • Arnade, Carlos & Dixit, Praveen, 1989. "Testing For The Impact Of Inflation On Import Demand Functions," Staff Reports 278152, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278152
    DOI: 10.22004/ag.econ.278152
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/278152/files/ers-report-384.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.278152?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. U S. Department of Agriculture, 1980. "Foreign Agricultural Trade Of The United States November/December 1980," Foreign Agricultural Trade of the United States (FATUS) 283518, United States Department of Agriculture, Economic Research Service.
    2. Sheffrin,Steven M., 1996. "Rational Expectations," Cambridge Books, Cambridge University Press, number 9780521479394, January.
    3. Lucas, Robert Jr., 1972. "Expectations and the neutrality of money," Journal of Economic Theory, Elsevier, vol. 4(2), pages 103-124, April.
    4. U S Department of Agriculture, 1980. "Foreign Agricultural Trade Of The United States September/October 1980," Foreign Agricultural Trade of the United States (FATUS) 283517, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Harvey S. J. Hill & James W. Mjelde & H. Alan Love & Debra J. Rubas & Stephen W. Fuller & Wesley Rosenthal & Graeme Hammer, 2004. "Implications of Seasonal Climate Forecasts on World Wheat Trade: A Stochastic, Dynamic Analysis," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 52(3), pages 289-312, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fuell, Lawrence D., 1984. "P.L. 480 Concessional Sales and Food For Development Programs: Terms and Conditions, Planning and Implementation Procedures," Foreign Agricultural Economic Report (FAER) 305284, United States Department of Agriculture, Economic Research Service.
    2. Cicowiez, Martin & Diaz-Bonilla, Carolina & Diaz-Bonilla, Eugenio, 2009. "Impacts of Trade Liberalization on Poverty and Inequality in Argentina," Agricultural Distortions Working Paper Series 52793, World Bank.
    3. Titus O. Awokuse & Conrado M. Gempesaw II, 2005. "Foreign political instability and U.S. agricultural exports: evidence from panel data," Economics Bulletin, AccessEcon, vol. 6(15), pages 1-12.
    4. Duo Qin, 2006. "VAR Modelling Approach and Cowles Commission Heritage," Working Papers 557, Queen Mary University of London, School of Economics and Finance.
    5. repec:ebl:ecbull:v:6:y:2005:i:15:p:1-12 is not listed on IDEAS
    6. Sazdanoff, Donald Louis, 1985. "Grain embargoes: criteria for success and failure," ISU General Staff Papers 1985010108000018107, Iowa State University, Department of Economics.
    7. Paarlberg, Philip L. & Webb, Alan J., 1984. "Changes In The International Economic Environment Facing U.S. Agriculture," 1984 Annual Meeting, August 5-8, Ithaca, New York 279058, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Bernt P. Stigum, 2000. "Rationality in Econometrics," Econometric Society World Congress 2000 Contributed Papers 0747, Econometric Society.
    9. Hwang, Chiun-Lin, 1989. "Optimal monetary policy in an open macroeconomic model with rational expectation," ISU General Staff Papers 1989010108000010197, Iowa State University, Department of Economics.
    10. Bryan Caplan & Edward Stringham, 2005. "Mises, bastiat, public opinion, and public choice," Review of Political Economy, Taylor & Francis Journals, vol. 17(1), pages 79-105.
    11. Théret, Bruno, 2011. "Du keynésianisme au libertarianisme.La place de la monnaie dans les transformations du savoir économique autorisé," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 10.
    12. Alexander W. Salter & William J. Luther, 2016. "The Optimal Austrian Business Cycle Theory," Advances in Austrian Economics, in: Studies in Austrian Macroeconomics, volume 20, pages 45-60, Emerald Group Publishing Limited.
    13. Bennet T. McCallum, 1984. "A Linearized Version of Lucas's Neutrality Model," Canadian Journal of Economics, Canadian Economics Association, vol. 17(1), pages 138-145, February.
    14. George-Marios Angeletos & Alessandro Pavan, 2009. "Policy with Dispersed Information," Journal of the European Economic Association, MIT Press, vol. 7(1), pages 11-60, March.
    15. Froyen, Richard T & Waud, Roger N, 1988. "Real Business Cycles and the Lucas Paradigm," Economic Inquiry, Western Economic Association International, vol. 26(2), pages 183-201, April.
    16. George-Marios Angeletos & Chen Lian, 2018. "Forward Guidance without Common Knowledge," American Economic Review, American Economic Association, vol. 108(9), pages 2477-2512, September.
    17. Olivier Coibion & Yuriy Gorodnichenko & Saten Kumar, 2018. "How Do Firms Form Their Expectations? New Survey Evidence," American Economic Review, American Economic Association, vol. 108(9), pages 2671-2713, September.
    18. Josh Ryan-Collins, 2015. "Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935-75," Economics Working Paper Archive wp_848, Levy Economics Institute.
    19. Ftiti, Zied & Aguir, Abdelkader & Smida, Mounir, 2017. "Time-inconsistency and expansionary business cycle theories: What does matter for the central bank independence–inflation relationship?," Economic Modelling, Elsevier, vol. 67(C), pages 215-227.
    20. Thomas M. Humphrey, 1999. "Mercantilists and classicals: insights from doctrinal history," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 55-82.
    21. W. Lee Hoskins, 1991. "Defending zero inflation: all for naught," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 15(Spr), pages 16-20.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uerssr:278152. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.