Long-run aggregate import demand function in Taiwan: an ARDL bounds testing approach

Shyh-Wei Chen

Applied Economics Letters, 2008, vol. 15, issue 9, 731-735

Abstract: This article adopts the bounds test, developed by Pesaran et al. (2001), to determine whether there is a level long-run relationship exists between Taiwan's real import demand function and it determinants, namely real domestic income and relative prices. It is found that aggregate import quantities and their determinants do indeed exhibit a level long-run relationship. In addition, the empirical results show that estimated short-run elasticity and long-run income elasticity are both elastic but that short-run income elasticity is considerably greater than that of its long-run counterpart. This indicates that economic growth should have a relatively greater negative impact on trade balance in the short-run than in the long-run.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:15:y:2008:i:9:p:731-735

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504850600749032

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().