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| Author: | Senhadji, A. |
| Title: | Time-series estimation of structural import demand equations: a cross-country analysis |
| Journal: | Staff Papers
1998 : JUN, VOL. 45:2, p. 236-268 |
| Index terms: | TIME SERIES ESTIMATION DEMAND |
| Language: | eng |
| Abstract: | A structural import demand equation is derived and estimated for a large number of countries, using recent time-series techniques that address the problem of nonstationarity. The average price elasticity is close to zero in the short run but slightly higher than one in the long run. A similar pattern holds for income elasticities: the short-run income elasticities are on average less than 0.5, while the long-run income elasticities are close to 1.5. |
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