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Estimation of China's disaggregate import demand functions

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  • Fukumoto, Mayumi

Abstract

We estimate the disaggregate import demand functions for three basic classes of goods as defined in the System of National Accounts (SNA): capital goods, intermediate inputs, and final consumption goods, and use the findings to shed light on the effects of China's economic growth on its current account. The results showed that as China switches from exports to domestic demand as a key driver for economic growth, China's trade surplus would be expected to shrink rather quickly.

Suggested Citation

  • Fukumoto, Mayumi, 2012. "Estimation of China's disaggregate import demand functions," China Economic Review, Elsevier, vol. 23(2), pages 434-444.
    • Handle: RePEc:eee:chieco:v:23:y:2012:i:2:p:434-444
    DOI: 10.1016/j.chieco.2012.03.002
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    Cited by:

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    2. Bernhardt, Thomas, 2014. "How promising is South-South trade as a contributor to economic development in Asia and South America? Insights from estimating income elasticities of import demand," MPRA Paper 56413, University Library of Munich, Germany.
    3. Ertan Oktay & Giray Gozgor, 2013. "Estimation of disaggregated import demand functions for Turkey," Economics Bulletin, AccessEcon, vol. 33(1), pages 575-585.
    4. Arzu Tay Bayramoglu & Deniz Sukruoglu, 2016. "Non-Energy Import Demand Function in Turkey: New Evidence," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(12), pages 750-761, December.
    5. Mirdala, Rajmund & Semančíková, Jozefína & Ruščáková, Anna, 2019. "Determinants of Export and Import Functions in the EU Member Countries," MPRA Paper 99535, University Library of Munich, Germany.

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    More about this item

    Keywords

    Disaggregate import demand; China; Cointegration;
    All these keywords.

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • F10 - International Economics - - Trade - - - General

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