全球智库信息集成服务系统(G2TT): The Income Elasticity of Import Demand: Micro Evidence and An Application

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w23338
来源ID	Working Paper 23338
	The Income Elasticity of Import Demand: Micro Evidence and An Application
	David Hummels; Kwan Yong Lee
发表日期	2017-04-24
出版年	2017
语种	英语
摘要	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-income-time. 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 40% as large as the raw variation in import declines.
主题	Microeconomics ; Households and Firms ; Market Structure and Distribution ; International Economics ; Trade
URL	https://www.nber.org/papers/w23338
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/581012
推荐引用方式 GB/T 7714	David Hummels,Kwan Yong Lee. The Income Elasticity of Import Demand: Micro Evidence and An Application. 2017.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w23338.pdf（1012KB）	智库出版物		限制开放	CC BY-NC-SA	浏览