Empirical Evidence on Korea¡¯s Import Demand Behavior Revisited

Jungho Baek

Research in Applied Economics, 2015, vol. 7, issue 2, 11-20

Abstract: This paper attempts to re-examine Korea¡¯s import demand behavior with an enhanced econometric technique and an up-to-date dataset. To achieve the goal, an autogressive distributed lag (ARDL) approach is adopted. Our results show the existence of the long-run relationship between Korea¡¯s imports and its major determinants such as income and price. It is also found that income plays an important role in influencing Korea¡¯s imports in both the short- and long-run. On the other hand, price is found to have a significant impact on Korea¡¯s imports only in the short-run.

Keywords: Microfinance, Poverty reduction, Synthesis; Technical Efficiency (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:mth:raee88:v:7:y:2015:i:2:p:11-20

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