An Econometric Testing of Traditional Import Demand Function for Cote d’Ivoire
Journal Title: Journal of Economics and Business - Year 2019, Vol 2, Issue 3
Abstract
This study estimates an aggregate import demand function for Cote d’Ivoire and tests the price homogeneity assumption implied by conventional import models. Estimations are based on annual data for real import, real GDP, domestic and import prices over the period 1980-2017. The empirical results reveal that there exists a long run relationship between imports, income, domestic and import prices. In both the long and short run, imports are positively related to real income and domestic prices, and negatively related to foreign prices. The demand for imports is found to respond much more strongly to changes in domestic price rather than income and import price. The study also shows that the assumption of price homogeneity does not hold, implying that the relative price formulation of import demand function is inappropriate in the case of Cote d’Ivoire.
Authors and Affiliations
Yaya Keho
Keywords
Related Articles
- EP ID EP646452
- DOI 10.31014/aior.1992.02.03.113
- Views 42
- Downloads 0
Oil Prices and Sectoral Stock Prices with Mining Sector Stock Prices in the Exporting Countries as well as Oil Importers
This paper uses the panel vector autoregressive (PVAR) to find out the dynamic relationship between oil prices, inflation, exchange rates, industrial production and the stock prices of 18 mining sector companies in Indon...
Circular Economy: The Beauty of Circularity in Value Chain
Thought of Circular economy (CE) or circularity is widely accepted by corporations, academics and social & environmental concern individuals and organizations that create new opportunities & challenges to adapt and pract...
Measuring National Character Toward Developing A Research Method for International Accounting Studies
This study measures national character in seven developed countries, based on social capital concept. Evaluating national character in developed countries help cross-country study on accounting system. The measurements o...
The Effect of Advertising Information on Materialism and Buying Behavior – An Empirical Study
The objective of this study is to determine the effect of exposure to information in television advertisements on the consumer buying behavior in the Kingdom of Saudi Arabia (KSA). The study also explores the influence o...
Marketing Mix Factors of Educational Services, Accreditation Status, and Image Formation as Intervening Variables on Decisions in Choosing Private University in Palembang: Bina Darma University Palembang
The purpose of this study was to find out and analyze (1) the marketing mix towards the decision to choose Bina Darma University (2) the accreditation status towards the decision to choose Bina Darma University (3) The m...