Aggregate imports and expenditure components in the UK:an empirical analysis

Abbott, Andrew James and Seddighi, Hamid (1996) Aggregate imports and expenditure components in the UK:an empirical analysis. Applied Economics, 28 (9). pp. 1119-1125. ISSN 0003-6846

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Abstract

This paper examines the long-run relationship between UK aggregate imports and the macroeconomic components of final expenditure, using the Johansen multivariate cointegration analysis. It is found that there are significant differences between the long-run elasticities of import demand with respect to the different components of final expenditure, over the period 1972 to 1990. An error correction model is proposed for short-run forecasting of UK aggregate imports. The short-run model appears to track the data well.

Item Type:
Journal Article
Journal or Publication Title:
Applied Economics
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
Departments:
ID Code:
141439
Deposited By:
Deposited On:
14 Feb 2020 09:05
Refereed?:
Yes
Published?:
Published
Last Modified:
11 Jun 2020 08:43