Available online 8 October 2011 We empirically examine the impact of trade on labor demand elasticities using Korean firmlevel data. In our analysis, in addition to looking at the impact of liberalizing import restrictions, we take into account the fact that greater trade integration also leads to better and greater export possibilities. While we find that Korea's own tariffs do not have any st...

Exchange rate policy has assumed an added importance in recent years due to changing global economic conditions. This paper has examined the foreign exchange reserves, real and effective exchange rate response of imports demand in Pakistan using both classical and time series econometrics approaches. The real depreciation of the exchange rate has been found to have dampening impact on import de...

We propose a candidate solution to the imperfect exchange rate passthrough puzzle: habit persistence at the level of individual goods varieties. Deep habits generate a dynamic import demand function that leads to import price markup adjustments, independently of nominal pricing frictions. Augmenting a standard two-country model with deep habits, we obtain low exchange rate pass-through to impor...

The primary objective was to evaluate the extent which foreign exchange restraints import demand in Sierra Leone. Using time series data from 1980 2020, this study determined Leone's function by including constraints a structural model developed Emran and Shilpi (2010). compensated for both short-run long-run links employing an ARDL bounds-testing technique with error-correcting mechanism. resu...