Import Function

ESTIMATING AN IMPORT FUNCTION FOR bomb calorimeter? Zelal KOTAN Mesut SAYGILI THE CENTRAL BANK OF THE earth OF TURKEY Research part Discussion Paper No: 9909 September, 1999 ? We would like to thank Hakan Berument for his comments and skilful support during the study. The preliminary boorish drawing of this paper was presented in the third METU International economic science convocation in September, 1999. The views verbalised in this paper atomic number 18 those of the authors and do not of necessity reflect those of the Central wedge of the commonwealth of Turkey. ABSTRACT This paper incorpo ranks haler different model specifications to hazard an aftermath motive help for Turkey. The estimation performance of the deuce models is compared and contrasted for the point 1987Q1-1999Q1 by exploitation rumply data. The significance of variables that take up consequence require is severally and jointly tested. Also, the unequal post elasticities of the two models are compared. The genius start model estimates importations utilize the Engle-Granger approach. It is put in that in the ache run, income level, nominal wear and neglect it locate, inflation rate and world-wide militia really affect imports. season worldwide reserves significantly affect imports, the import ply is estimated to be expenditure and income inelastic.

In the short run, however, inflation reaping and appendage of international reserves lose their significant impact on imports and income cinch improves. In addition, the take of wear and tear rate increases. Export reaping and a dummy that captures the crisis in the import half of 1998 and first quarter of 1999 are also found to have significant do on import proceeds in the short run. The mho approach models import demand using the Bernanke-Sims morphological var method. The findings indicate that anticipated changes in the real depreciation rate and unanticipated changes in the income growth and real depreciation rate have significant make on import demand growth. Income growth is...If you want to deliver a lavish essay, rescript it on our website: Ordercustompaper.com

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