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ARDL Approach to the Demand for Disaggregate Imports: the case of Iran | ||
Iranian Economic Review | ||
مقاله 6، دوره 7، شماره 7، مهر 2002، صفحه 87-111 اصل مقاله (948.77 K) | ||
شناسه دیجیتال (DOI): 10.22059/ier.2002.30861 | ||
چکیده | ||
In this article, demand equations for import of consumer, intermediate and capital goods for the period 1971(2) to 1999(1), is estimated and analyzed, using the ARDL Pesaran & Shin method. The results show that the behavior of the different categories of imported goods in Iran is best explained by the parallel market exchange rate, implying this rate is a closer approximation fir the opportunity cost of Importers, despite their access to foreign exchange at official or controlled rates. | ||
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