ARDL Approach to the Demand for Disaggregate Imports: the case of Iran
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Abstract:
In this article, demand equations for import of consumer, intermediate and capital goods for the period 1971(2) to 1999(1), is estimated and analyzed, using the ARDL Pesaran & Shin method. The results show that the behavior of the different categories of imported goods in Iran is best explained by the parallel market exchange rate, implying this rate is a closer approximation fir the opportunity cost of Importers, despite their access to foreign exchange at official or controlled rates.
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Journal title
volume 7 issue 7
pages 87- 111
publication date 2002-07-01
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