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Irish aggregate import demand equation - optimal functional form
Boylan, T.; Cuddy, M.; ?'Muircheartaigh, I.
A more general approach than that of `best fit? for choosing empirically the appropriate formulation of the aggregate import demand function for Ireland is presented. This approach leads to the choice of a particular form, from a class of forms, for a given specification of the aggregate import demand function. It is found that the log linear form is preferred to the linear form where gross national income and the domestic to foreign price ratio are the explanatory variables. It is also found that the inclusion of a partial adjustment mechanism does not significantly improve the model specification.
Keyword(s): Economics; Aggregate import demand function
Publication Date:
1979
Type: Journal article
Peer-Reviewed: Unknown
Language(s): English
Institution: Trinity College Dublin
Citation(s): T. Boylan, M. Cuddy, I. ?'Muircheartaigh, 'Irish aggregate import demand equation - optimal functional form', Economic and Social Research Institute, Economic and Social Review, Vol. 10, No. 2, 1979, 1979, pp147-156
Publisher(s): Economic & Social Studies
First Indexed: 2014-05-13 05:18:14 Last Updated: 2018-08-24 06:13:52