Import demand with domestic price endogeneity : the South African case

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dc.contributor.authorRamkolowan, Yashen_ZA
dc.date.accessioned2014-07-31T12:22:09Z
dc.date.available2014-07-31T12:22:09Z
dc.date.issued2006en_ZA
dc.descriptionWord processed copy.
dc.descriptionIncludes bibliographical references.
dc.description.abstractThis 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.identifier.apacitationRamkolowan, Y. (2006). <i>Import demand with domestic price endogeneity : the South African case</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/5708en_ZA
dc.identifier.chicagocitationRamkolowan, Yash. <i>"Import demand with domestic price endogeneity : the South African case."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2006. http://hdl.handle.net/11427/5708en_ZA
dc.identifier.citationRamkolowan, Y. 2006. Import demand with domestic price endogeneity : the South African case. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Ramkolowan, Yash AB - 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. DA - 2006 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2006 T1 - Import demand with domestic price endogeneity : the South African case TI - Import demand with domestic price endogeneity : the South African case UR - http://hdl.handle.net/11427/5708 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/5708
dc.identifier.vancouvercitationRamkolowan Y. Import demand with domestic price endogeneity : the South African case. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2006 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/5708en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.titleImport demand with domestic price endogeneity : the South African caseen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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