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An Examination of the Merchandise Imports Demand Function for Egypt

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  • Mohamed Abbas Ibrahim

Abstract

Merchandise imports in Egypt is growing steadily and very rapidly, at an average growth rate of 10.64 percent/year during 1970-2014. So, this study is very important to know the merchandise imports determinants in Egyptian economy. This study empirically estimates the critical parameters of merchandise import demand determinants for Egypt by using Ordinary Least Squares (OLS) approach and Error Correction model during the period (1970-2014). The empirical results confirm that, in both long run and short run, there is positive and significant relationship between the demand for merchandise imports and real gross domestic product, but there is a negative and significant relationship between the demand of merchandise imports and real effective exchange rate. On the other hand, in the long run, there are positive and significant relationships between the demand for merchandise imports and both of inflation and international reserves but insignificant relationships in the short run.

Suggested Citation

  • Mohamed Abbas Ibrahim, 2017. "An Examination of the Merchandise Imports Demand Function for Egypt," Applied Economics and Finance, Redfame publishing, vol. 4(2), pages 101-112, March.
    • Handle: RePEc:rfa:aefjnl:v:4:y:2017:i:2:p:101-112
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    References listed on IDEAS

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    1. Rashid, Abdul & Razzaq, Tayyaba, 2010. "Estimating Import-Demand Function in ARDL Framework: The Case of Pakistan," MPRA Paper 26079, University Library of Munich, Germany.
    2. Rashid, Abdul & Razzaq, Tayyaba, 2010. "Estimating Import-Demand Function in ARDL Framework: The Case of Pakistan," MPRA Paper 23702, University Library of Munich, Germany.
    3. Metwally, M.M., 2004. "Determinants of Aggregate Imports in the GCC countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(3).
    4. Abdul Rashid & Tayyaba Razzaq, 2010. "Estimating Import-Demand Function in ARDL Framework," EERI Research Paper Series EERI_RP_2010_15, Economics and Econometrics Research Institute (EERI), Brussels.
    5. Bera, Anil K. & Jarque, Carlos M., 1981. "Efficient tests for normality, homoscedasticity and serial independence of regression residuals : Monte Carlo Evidence," Economics Letters, Elsevier, vol. 7(4), pages 313-318.
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    Cited by:

    1. Mile Bosnjak & Ivan Novak & Maja Basic, 2020. "The Demand Function For Merchandise Exports: The Case Of Croatia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 29(1), pages 123-135, june.

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    More about this item

    Keywords

    international trade; merchandise import demand; error correction model; Egypt;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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