- 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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