Trade liberalization and import-demand behavior in Bangladesh, 1974-2008

Title: Trade liberalization and import-demand behavior in Bangladesh, 1974-2008
Creator: Hossain, Akhtar
Relation: Journal of Developing Areas Vol. 47, Issue 2, p. 387-416
Publisher Link: http://dx.doi.org/10.1353/jda.2013.0022
Publisher: Journal of Developing Areas
Resource Type: journal article
Date: 2013
Description: From the early 1980s onwards, Bangladesh has undertaken a series of trade-liberalization measures. In combination with the steady rise in real income over the past two-and a half decades, these measures have raised the country's import-orientation and brought structural change in the composition of imports in favor of consumer goods and materials for consumption. This paper investigates import-demand behavior in Bangladesh within the Autoregressive-Distributed-Lag (ARDL) modeling framework using annual data for the period 1974-2008. The empirical results suggest the presence of a well-behaved import-demand function, in the senses that (1) Bangladesh's imports are income-elastic and price-inelastic and (2) there is no evidence of instability in the Bangladesh import-demand relationship.
Subject: trade liberalization; import trade; cointegration and error-correction; structural stability; Bangladesh
Identifier: http://hdl.handle.net/1959.13/1068106
Identifier: uon:18550
Identifier: ISSN:1548-2278
Language: eng
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