Aggregate import demand and expenditure components in Japan: An empirical study
This paper investigates the determinants of Japan's aggregate import demand function. In contrary with traditional specification of using single real income variable, the present study examines the various components of real income that are final consumption expenditure, domestic investment and...
Saved in:
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Universiti Utara Malaysia
2003
|
Subjects: | |
Online Access: | http://repo.uum.edu.my/745/1/Tuck_Cheong_Tang.pdf http://repo.uum.edu.my/745/ http://ijms.uum.edu.my |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
my.uum.repo.745 |
---|---|
record_format |
eprints |
spelling |
my.uum.repo.7452010-09-30T03:29:24Z http://repo.uum.edu.my/745/ Aggregate import demand and expenditure components in Japan: An empirical study Tuck, Cheong Tang HF Commerce This paper investigates the determinants of Japan's aggregate import demand function. In contrary with traditional specification of using single real income variable, the present study examines the various components of real income that are final consumption expenditure, domestic investment and expenditure on export goods, and relative prices. The 'bounds' testing approach in Pesaran et al. (2001), which based on estimation of unrestricted error-correction model (UECM) was used for cointegration analysis over the sample period 1973-1997. The result confirms a cointegrating relation among the quantity of import and its determinants as well as various expenditure components. The various expenditure components provide different impacts on Japan's imports volume in short run. The UECM appears to track the data well. Universiti Utara Malaysia 2003 Article PeerReviewed application/pdf en http://repo.uum.edu.my/745/1/Tuck_Cheong_Tang.pdf Tuck, Cheong Tang (2003) Aggregate import demand and expenditure components in Japan: An empirical study. Analisis, 10 (2). pp. 19-34. ISSN 0127-8983 http://ijms.uum.edu.my |
institution |
Universiti Utara Malaysia |
building |
UUM Library |
collection |
Institutional Repository |
continent |
Asia |
country |
Malaysia |
content_provider |
Universiti Utara Malaysia |
content_source |
UUM Institutionali Repository |
url_provider |
http://repo.uum.edu.my/ |
language |
English |
topic |
HF Commerce |
spellingShingle |
HF Commerce Tuck, Cheong Tang Aggregate import demand and expenditure components in Japan: An empirical study |
description |
This paper investigates the determinants of Japan's aggregate import demand function. In contrary with traditional specification of using single real income variable, the present study examines the various components of real income that are final consumption expenditure, domestic investment and expenditure on export goods, and relative prices. The 'bounds' testing approach in Pesaran et al. (2001), which based on estimation of unrestricted error-correction model (UECM) was used for cointegration analysis over the sample period 1973-1997. The result confirms a cointegrating relation among the quantity of import and its determinants as well as various expenditure components. The various expenditure components provide different impacts on Japan's imports volume in short run. The UECM appears to track the data well. |
format |
Article |
author |
Tuck, Cheong Tang |
author_facet |
Tuck, Cheong Tang |
author_sort |
Tuck, Cheong Tang |
title |
Aggregate import demand and expenditure components in Japan: An empirical study |
title_short |
Aggregate import demand and expenditure components in Japan: An empirical study |
title_full |
Aggregate import demand and expenditure components in Japan: An empirical study |
title_fullStr |
Aggregate import demand and expenditure components in Japan: An empirical study |
title_full_unstemmed |
Aggregate import demand and expenditure components in Japan: An empirical study |
title_sort |
aggregate import demand and expenditure components in japan: an empirical study |
publisher |
Universiti Utara Malaysia |
publishDate |
2003 |
url |
http://repo.uum.edu.my/745/1/Tuck_Cheong_Tang.pdf http://repo.uum.edu.my/745/ http://ijms.uum.edu.my |
_version_ |
1644277858823045120 |
score |
13.18916 |