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Title
Time-series estimation of import demand functions for pulses in India
Author/Creator
Agbola, Frank Wogbe;  Damoense, M. Y.
Description
Purpose - This study seeks to examine empirically import demand for total pulses, chickpeas and lentils in India based on the concept of unit root and cointegration. Design/methodology/approach - The Stock-Watson dynamic OLS (DOLS) model - which is robust to small sample and eliminates simultaneity bias - is used to derive the long-run price, income and urbanisation elasticities of import demand. The data covers the period 1970-2000. Findings - Results indicate that real GDP, relative price and urbanisation are the key determinants of import demand for pulses in India. The estimated long-run elasticities of import demand with respect to income (relative price) are 0.4 (-1.7) for chickpeas, 0.56 (-0.87) for lentils and 0.36 (0.00) for total pulses. The estimated long-run elasticities of import demand with respect to urbanisation are 9.9 for chickpeas, zero for lentils and 7.2 for total pulses. The policy implications of the results are discussed. Originality/value - Provides evidence that the response of import demand for pulses to key determinants differ substantially from product to product.
Relation
Journal of Economic Studies Vol. 32, no. 2, p. 146-157
Date
2005
Publisher
California State University, Department of Economics
Keyword(s)
food products;  imports;  India;  supply and demand
Resource Type
journal article
Identifier
http://hdl.handle.net/1959.13/24496
Identifier
ISSN:0021-3624
Language
eng
Reviewed
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Subject
"Journal of Economic Studies"
 
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