Revisiting the Import Demand Function: A Comparative Analysis

Authors

  • Sharif Hossain Professor of Econometrics, Faculty of Business Studies, University of Dhaka, Dhaka, Bangladesh
  • Kanon Kumar Sen Lecturer at department of Accounting and Information Systems, Bangladesh University of Professionals, Bangladesh
  • Thasinul Abedin Assistant Professor of Accounting, University of Chittagong, Bangladesh
  • Muhammad Shafiur Rahman Chowduhury Assistant Professor at the Department of Accounting in University of Chittagong, Bangladesh

DOI:

https://doi.org/10.12775/DEM.2019.001

Keywords

Exchange Rate, Import Demand Function, Real GDP, Relative Price

Abstract

This study attempts to revisit import demand function across three panels of frontier, emerging, and developed economy from 1980 to 2016. Long-run relationship exists among import demand, relative price, exchange rate, and real GDP in economy. Due to increase in real GDP, import demand responds positively across economies. It responds in same direction in short-run in frontier and emerging economies with relative price unlike that of long-run in same economies. However, it responds in same direction with relative price in developed economy. It moves in opposite direction with respect to movement in exchange rate of frontier economy unlike that of developed economy. Next, the behavior of import demand in short-run due to change in exchange rate varies from that of long-run in emerging economy. This study will help to predict the dynamics of import due to change in income level, relative price, and exchange rate at national and international level.

Author Biographies

Sharif Hossain, Professor of Econometrics, Faculty of Business Studies, University of Dhaka, Dhaka, Bangladesh

Dr. Md. Sharif Hossain is a Professor of Econometrics at Department of Accounting & Information Systems, University of Dhaka, Bangladesh. Previously, he was associate professor at Department of Economic Engineering, Kyushu University, Japan and Assistant professor at Department of Economics, KIMEP, Kazakhstan. He is experienced at Econometrics, Microeconomics, Macroeconomics, Mathematical Economics, Quantitative Methods in Economics, and so on. He has more than 58 research publications in recognized journals including Elsevier, Springer, Sage, and Economics Bulletin. He also achieved the best paper award certificate from The International Business and Economic Research Conference, Las Vegas, USA on October 2002.

Kanon Kumar Sen, Lecturer at department of Accounting and Information Systems, Bangladesh University of Professionals, Bangladesh

Mr. Kanon Kumar Sen works as a Lecturer in the Department of Accounting and Information Systems at Bangladesh University of Professionals. He has more than 5 papers in recognized journals including Asian Journal of Accounting Perspectives, International Journal of Happiness and Development, and Bangladesh Institute of Bank Management.

Thasinul Abedin, Assistant Professor of Accounting, University of Chittagong, Bangladesh

:  Mr. Md. Thasinul Abedin is an assistant professor in the Department of Accounting at University of Chittagong, Bangladesh. Before that he has worked in Bangladesh Institute of Bank Management and Notre Dame University Bangladesh as a Lecturer. He has more than ten papers in recognized journals including Economics Bulletin and Asian Journal of Accounting Perspectives. He has received the second best paper award at the 1st International Conference on Business and Economics held at Faculty of Business Studies, University of Dhaka.

Muhammad Shafiur Rahman Chowduhury, Assistant Professor at the Department of Accounting in University of Chittagong, Bangladesh

Muhammad Shafiur Rahman Chowduhury is Assistant Professor at the Department of Accounting in University of Chittagong, Bangladesh.

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Dynamic Econometric Models

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Published

2019-12-28

How to Cite

1.
HOSSAIN, Sharif, SEN, Kanon Kumar, ABEDIN, Thasinul and CHOWDUHURY, Muhammad Shafiur Rahman. Revisiting the Import Demand Function: A Comparative Analysis. Dynamic Econometric Models. Online. 28 December 2019. Vol. 19, p. 5−27. [Accessed 15 December 2024]. DOI 10.12775/DEM.2019.001.

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Vol. 19 (2019)

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