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Title: |
Determinants of Import Demand in Thailand |
| Author: |
Sinha, Dipendra |
| Author
Affiliation: |
Macquarie U |
| Source: |
International Economic Journal, Winter 1997, v. 11, no. 4, pp. 73-83 |
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Publication Date: |
Winter 1997 |
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Abstract: |
This study estimates an aggregate import
demand function for Thailand. The earlier studies on import demand based
on time series data did not deal with the issue of stationarity of the
time series before estimation. Using the reintegration approach, we find
aggregate import demand for Thailand to be price inelastic, cross price
inelastic (with respect to domestic price) and income inelastic in the
short run. In the long run, aggregate import demand is still price
inelastic and cross price inelastic. However, aggregate import demand is
highly income elastic in the long run. |
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