Import demand with domestic price endogeneity : the South African case

 

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dc.contributor.author Ramkolowan, Yash en_ZA
dc.date.accessioned 2014-07-31T12:22:09Z
dc.date.available 2014-07-31T12:22:09Z
dc.date.issued 2006 en_ZA
dc.identifier.citation Ramkolowan, Y. 2006. Import demand with domestic price endogeneity : the South African case. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/5708
dc.description Word processed copy.
dc.description Includes bibliographical references.
dc.description.abstract This paper uses the imperfect substitutes model to derive an import demand function. However, here domestic prices are endogenised within a simultaneous framework in order to assess the full effect of a currency depreciation. The Johansen multivariate cointegration approach is used to estimate the import demand model as it accounts for nonstationary data and allows simultaneity between the variables. Prior to its use, the "small country assumption", which allows for import price exogeneity, is tested for South Africa. Two di ffering tests indicate that this assumption holds although further exploration reveals that there is scope to clarify the issue. Ultimately the paper shows that import price elasticities generally found in import demand curves (stemming from the elasticities approach) may significantly overstate the effect of an exchange rate depreciation on the trade balance. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Economics en_ZA
dc.title Import demand with domestic price endogeneity : the South African case en_ZA
dc.type Thesis / Dissertation en_ZA
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department School of Economics en_ZA
dc.type.qualificationlevel Masters en_ZA
dc.type.qualificationname MCom en_ZA
uct.type.filetype Text
uct.type.filetype Image


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