To study non-durable import demand, we extend previous work done by Clarida (1994) and Ceglowski (1991) by considering a two-good version of the life cycle model in which we introduce time-nonseparability in the households' preferences. The model is estimated using quarterly data for US and France. Using the information contained in the observed stochastic and deterministic trends, we derive a ...

One of the chief complaints against the federal importer of burley tobacco. Italy, Greece, South tobacco program is that it sets prices too high Korea, and almost every other burley exporting relative to foreign tobaccos: most foreign burley country import substantial amounts of burley. tobaccos are priced between one-third and oneThese foreign exporters typically import large half the price of...

the objective of this study is to derive a money demand function compatible with the islamic economic rules, i.e., prohibition of reba. this rule, evidently eliminates the loan market from the economy.therefore, we propose that the islamic financial markets could link the real and nominal sectors of the economy and provide the information needed by both the financial intermediaries and the cent...

We suppose that there are two countries trading two commodities, country 1 exporting commodity 1 to country 2, and that country 1 imposes a tariff on its import of commodity 2 while country 2 remains passive and does not retaliate. We assume that preferences in country 1 are identical and homothetic. A classic theorem, going back to Mill (1844), Torrens (1844), and Bickerdike (1907), states tha...

This paper examines the demand for import documentary credit in Lebanon. Five explanatory variables are selected that stand respectively for risk, price, size, conjecture, and availability of credit. As expected, the long run elasticities are significantly higher than the short run ones. Risk has an adverse impact. Interest rate elasticities, or price elasticities, are all negative and statisti...

We examine the dynamic impact of functional distribution income on demand for imports in developed and developing countries. Drawing upon a motivating accounting structure suggesting potentially causal effect an extended version standard import function, we find evidence that fall wage share has statistically significant positive (negative) volume (developed) countries entire sample Therefore, ...

Food products account for a significant amount of the Iranian imports. Despite the rising prices of food products over the last two decades, their imports have been increasing too. In this study import demand of the main imported food products is empirically analyzed using Quadratic AIDS. Welfare impacts are measured using compensated variation. The results indicate that all products, except te...

In this study, yield-water and profit function was used to obtain water demand function in agriculture sector. The results showed that the ratio of actual to potential Evapotranspiration had positive, significant effecton the ratio of actual to potential yield for wheat and barley. Also, square ratio of actual to potential Evapotranspiration had negative, significant relationship. After estimat...

among the food products, grains play an important role in the consumption patterns of people, especially in the developing countries. since iran's main source of public dietary energy comes directly from grains, investigating and identifying the determinants of import of these products can be an important step towards food security. most experimental studies consider import of grains as only a ...

Faced with food supply disruptions due in part to geopolitics and political instability its traditional source markets the Kingdom of Saudi Arabia United Arab Emirates, Qatar—a wealthy, highly import-dependent open economy—plans identify a set alternative that can assure it stable chain security. This study develops preferences import substitution elasticities for country’s four most important ...