Modelling manufactured imports : methodological issues with evidence from Australia / by Premachandra Athukorala and Jayant Menon Athukorala, Prema-chandra

User activity

Share to:
View the summary of this work
Author
Athukorala, Prema-chandra
Subjects
Imports - Australia - Econometric models.; Industrial productivity - Australia - Econometric models.; Prices - Australia - Econometric models.
Summary
This paper investigates the relationship between manufactured import flows to Australia, and relative prices and domestic economic activity net of cyclical demand effects over the period 1981Q3 to 1991Q2. This is done through the estimation of import demand functions for total manufactured imports and nine major import categories using the general to specific modeling approach. We find that the homotheticity assumption on activity elasticity is met in most cases. The price elasticity estimates for individual categories range from 0.32 to 2.1, with a weighted-average of 0.52. We also find some evidence of upward bias in price elasticity estimates when an aggregate import function is employed in a context where a significant portion of imports are subject to quantitative restrictions (QRs).
Bookmark
http://trove.nla.gov.au/work/240881
Work ID
240881

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this work

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this work

Add a comment


Show comments and reviews from Amazon users