An Empirical Analysis of the Demand for Imports in Three CARICOM Member Countries: An Application of the Bounds Test for Cointegration |
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Authors: | Nelson C Modeste |
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Institution: | (1) College of Business, Tennessee State University, 330 10th Avenue North, Nashville, TN 37203, USA |
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Abstract: | This paper provides fresh estimates of income and price elasticities of import demand in Guyana, Jamaica, and Trinidad and
Tobago using a bounds test for cointegration. In addition, the paper also provides estimates of the consumption, investment,
and exports elasticities of import demand. These latter elasticities were all found to be positive and statistically significant
with values ranging from 0.16 to 0.55 in the long-run. |
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Keywords: | |
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