Author:
Adetunji Babatunde M.,Egwaikhide Festus O.
Abstract
PurposeThe purpose of this paper is to present an empirical analysis of the aggregated import demand behavior for Nigeria using annual data between 1980 and 2006.Design/methodology/approachThe bounds test analysis was used to estimate the long‐run relationship between imports and its determinants.FindingsTest results show that imports, income and relative prices are cointegrated. The estimated long‐run elasticities of import demand with respect to income and relative prices are 2.48 and −0.133, respectively.Originality/valueThese results suggest that the Marshall‐Lerner condition are not satisfied for Nigeria.
Subject
Political Science and International Relations,Economics and Econometrics,Development
Reference64 articles.
1. Abbott, A.J. and Seddighi, H.R. (1996), “Aggregate imports and expenditure component in the UK: an empirical analysis”, Applied Economics, Vol. 28, pp. 1119‐25.
2. Agbola, F.W. and Damoense, M.Y. (2005), “Time‐series estimation of import demand functions for pulses in India”, Journal of Economic Studies, Vol. 32, pp. 146‐57.
3. Ajayi, S.I. (1975), “Econometric analysis of import demand function for Nigeria”, The Nigerian Journal of Economic and Social Studies, Vol. 17 No. 3, pp. 169‐82.
4. Arize, A.C. and Walker, J. (1992), “A reexamination of Japan's aggregate import demand function: an application of the Engle and Granger two‐step procedure”, International Economic Journal, Vol. 6 No. 2, pp. 41‐55.
5. Arize, A.C., Chooekawong, P. and Prasanpanich, V. (2000), “Foreign trade behavior in Thailand: stable or unstable”, The American Economist, Vol. 44 No. 2, pp. 36‐45.
Cited by
6 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献