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Testing For The Impact Of Inflation On Import Demand Functions

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Listed:
  • Arnade, Carlos
  • Dixit, Praveen

Abstract

This paper questions the standard assumption that inflation has no effect on import demand functions. We describe a simple method for testing whether proportionate changes in prices and income influence import demands. We estimate several import demand functions and provide, some evidence that inflation influences importers' demand. We also show that, when estimating import demand functions, it is difficult to test for the correct index of inflation.

Suggested Citation

  • Arnade, Carlos & Dixit, Praveen, 1989. "Testing For The Impact Of Inflation On Import Demand Functions," Staff Reports 278152, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278152
    DOI: 10.22004/ag.econ.278152
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    File URL: https://ageconsearch.umn.edu/record/278152/files/ers-report-384.pdf
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    References listed on IDEAS

    as
    1. Lucas, Robert Jr., 1972. "Expectations and the neutrality of money," Journal of Economic Theory, Elsevier, vol. 4(2), pages 103-124, April.
    2. Sheffrin,Steven M., 1996. "Rational Expectations," Cambridge Books, Cambridge University Press, number 9780521479394, September.
    3. U S Department of Agriculture, 1980. "Foreign Agricultural Trade Of The United States September/October 1980," Foreign Agricultural Trade of the United States (FATUS) 283517, United States Department of Agriculture, Economic Research Service.
    4. U S. Department of Agriculture, 1980. "Foreign Agricultural Trade Of The United States November/December 1980," Foreign Agricultural Trade of the United States (FATUS) 283518, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Harvey S. J. Hill & James W. Mjelde & H. Alan Love & Debra J. Rubas & Stephen W. Fuller & Wesley Rosenthal & Graeme Hammer, 2004. "Implications of Seasonal Climate Forecasts on World Wheat Trade: A Stochastic, Dynamic Analysis," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 52(3), pages 289-312, November.

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