دانلود مقاله ISI انگلیسی شماره 99067
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
99067 2018 47 صفحه PDF سفارش دهید 13046 کلمه
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عنوان انگلیسی
The income elasticity of import demand: Micro evidence and an application
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of International Economics, Volume 113, July 2018, Pages 20-34

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چکیده انگلیسی

We construct a synthetic panel of household expenditures from the Consumer Expenditure Survey (CEX) and use the Quadratic Almost Ideal Demand System to estimate expenditure shares and income elasticities of demand that vary by good-time-income. We show that the size and distribution of income shocks drives expenditure change in a manner that varies profoundly across traded goods. Our estimates of expenditure shares and income elasticities could be useful in many applications that seek to explain changes in trade behavior from the demand side, and indicate the strong sensitivity of trade to changes in the tails of the income distribution. We explore an application involving the Great Trade Collapse. Income-induced expenditure changes are positively correlated with the cross-good pattern of import changes, generating a predicted change as much as 40% as large as the raw variation in import declines.

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