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Estimates of a traditional aggregate import demand model for five countries

Research output: Contribution to journalJournal article

Published
<mark>Journal publication date</mark>04/1991
<mark>Journal</mark>Economics Letters
Issue number4
Volume35
Number of pages5
Pages (from-to)435-439
Publication statusPublished
Original languageEnglish

Abstract

In this paper, we show for five advanced economics that if the variables in the aggregateImportdemand relationship are best described as non-stationary Integrated process, then the traditionalestimates of the income and price elasticity will be subject to substantial upward bias.