A MICROECONOMIC APPROACH TO MODELLING IMPORT DEMAND

Author(s): Moore, Winston; Morris, Diego; (2009)

Created 27 Jul, 2009
Categories Working Papers
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The conventional import demand function relates the aggregate value of imports to aggregate income and some measure of relative prices. This paper estimates models of the long-run import demand for 92 products imported into Barbados. The approach allows the authors to compare the income and price elasticities of demand for various products. The results should be of use to trade analysts and businesspersons.

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