Economics, Econometrics and Finance
8 years ago

Fiji's import demand surges, reshaping global trade dynamics

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Economic Modelling
Estimating income and price elasticities of imports for Fiji in a cointegration framework
Paresh Kumar Narayan, Seema Narayan

Paper Summary

The study estimated import demand for Fiji from 1972 to 1999. They used different methods to find that income affects imports significantly, while import prices have a unitary effect. The equilibrium is restored after 2 1/2 years following any shocks to import demand determinants.

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