Yoichi, Matsubayashi and Shigeyuki, Hamori (2009): Empirical Analysis of Import Demand Behavior of Least Developed Countries. Published in: Economics Bulletin , Vol. 29, No. 2 (June 2009): pp. 1460-1475.
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This paper examines the long-run stability of import demand function in least developed countries (LDCs) using recently developed panel cointegration techniques. We test for cointegration using two data sets: a) annual data for 15 countries from 1965 to 2004; and b) annual data for 22 countries from 1984 to 2004. We find that cointegration is present and that, indeed, there is a stable import demand function in these economies. The income elasticity ranges from 1.26 to 1.69 and price elasticity ranges from -0.72 to -0.75.
|Item Type:||MPRA Paper|
|Original Title:||Empirical Analysis of Import Demand Behavior of Least Developed Countries|
|Keywords:||import demand, panel unit root, panel cointegration, LDCs|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics
|Depositing User:||Shigeyuki Hamori|
|Date Deposited:||13. Sep 2009 13:49|
|Last Modified:||12. Feb 2013 01:36|
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