2,051
Views
2
CrossRef citations to date
0
Altmetric
FINANCIAL ECONOMICS

The dynamics of the relationship between foreign exchange reserves and import demand function

, &
Article: 2189623 | Received 21 Nov 2022, Accepted 07 Mar 2023, Published online: 15 Mar 2023

References

  • Ahad, M., & Dar, A. A. (2018). A dynamic relationship between financial development and import demand for Bangladesh: An evidence from combine cointegration and Granger causality approach. Global Business Review, 19(3), 543–17.
  • Al Abri, I., & Al Bulushi, A. (2022). The role of institutional quality in economic efficiency in the GCC Countries. Theoretical Economics Letters, 12(6), 1591–1607. https://doi.org/10.4236/tel.2022.126088
  • Al-Abri, I., Önel, G., & Grogan, K. A. (2019). Oil revenue shocks and the growth of the non-oil sector in an oil-dependent economy: The case of Oman. Theoretical Economics Letters, 9(4), 785–800. https://doi.org/10.4236/tel.2019.94052
  • Alam, S., & Ahmed, Q. M. (2010). Exchange rate volatility and Pakistan’s import demand: An application of autoregressive distributed lag model. International Research Journal of Finance and Economics, 48(1), 7–23.
  • Alsayari, A. (2019). Reserves management. Bank of International Settlements Paper, ( 104u).
  • Arize, A., & Afifi, R. (1987). An econometric examination of import demand function in thirty developing countries. Journal of Post Keynesian Economics, 9(4), 604–616. https://doi.org/10.1080/01603477.1987.11489648
  • Arize, A. C., & Malindretos, J. (2012). Foreign exchange reserves in Asia and its impact on import demand. International Journal of Economics and Finance, 4(3), 21–32. https://doi.org/10.5539/ijef.v4n3p21
  • Arize, A. C., Malindretos, J., & Grivoyannis, E. C. (2004). Foreign exchange reserves and import demand in a developing economy: The case of Pakistan. International Economic Journal, 18(2), 259–274. https://doi.org/10.1080/1016873042000228376
  • Arize, A. C., & Nippani, S. (2010). Import demand behavior in Africa: Some new evidence. The Quarterly Review of Economics and Finance, 50(3), 254–263. https://doi.org/10.1016/j.qref.2010.02.003
  • Arize, A. C., & Osang, T. (2007). Foreign exchange reserves and import demand: Evidence from Latin America. The World Economy, 30(9), 1477–1489. https://doi.org/10.1111/j.1467-9701.2007.01052.x
  • Aziz, M. N., & Bhaban, M. Y. (2012). Modelling of import demand function for a developing country: An empirical approach. Indian Journal of Economics and Business, 11(2), 571–586.
  • Bahmani-Oskooee, M., & Rhee, H. (1997). Structural change in import demand behaviour, the Korean experience: A reexamination. Journal of Policy Modeling, 19(2), 187–193. https://doi.org/10.1016/0161-8938(95)00146-8
  • Boudreaux, D. J. (2018). Free trade and how it enriches us. Institute of Economic Affairs.
  • Boughanmi, H., Al-Saadi, F., Zaibet, L., Al Abri, I., & Akintola, A. (2021). Trade in intermediates and agro-food value chain integration: The case of the Arab region. SAGE Open, 11(1), 21582440211002513. https://doi.org/10.1177/21582440211002513
  • Calvo, G. A., & Vegh, C. A. (1999). Inflation Stabilization and BOP Crises in Developing Countries. In J. Taylor & M. Woodford (Eds.), Handbook of Macroeconomics (Vol. C, pp. 1531–1614). Cambridge, MA: North Holland.
  • Carone, G. (1996). modeling the U.S. demand for imports through cointegration and error correction. Journal of Policy Modeling, 18(1), 1–48.
  • Dutta, D., & Ahmed, N. (1999). An aggregate import demand function for Bangladesh: A cointegration approach. Applied Economics, 31(4), 465–472. https://doi.org/10.1080/000368499324174
  • Emran, M. S., & Shilpi, F. (1996). Foreign exchange rationing and the aggregate import demand function. Economics Letters, 51(3), 315–322. https://doi.org/10.1016/0165-1765(96)00824-5
  • Emran, M. S., & Shilpi, F. (2010). Estimating an import demand function in developing countries: A structural econometric approach with applications to India and Sri Lanka. Review of International Economics, 18(2), 307–319. https://doi.org/10.1111/j.1467-9396.2010.00865.x
  • Esfahani, H. S., Mohaddes, K., & Pesaran, M. H. (2014). An empirical growth model for major oil exporters. Journal of Applied Econometrics, 29(1), 1–21. https://doi.org/10.1002/jae.2294
  • Faini, R., Pritchett, L., Clavijo, F., & Mundial, B. (1988). Import demand in developing countries. Country Economics Department, the World Bank.
  • Frenkel, J. A. (1974). The demand for international reserves by developed and less-developed countries. Economica, 41(161), 14–24. https://doi.org/10.2307/2553419
  • Giovannetti, G. (1989). Aggregated imports and expenditure components in Italy: An econometric analysis. Applied Economics, 21(7), 957–971. https://doi.org/10.1080/758518236
  • Heller, H. R. (1966). Optimal international reserves. The Economic Journal, 76(302), 296–311. https://doi.org/10.2307/2229716
  • Hossain, M. A. (1995). Inflation, economic growth and the balance of payment in Bangladesh–A macroeconomic study. University Press Limited.
  • Irwin, D. A. (2020). Free trade under fire (Fifth ed.). Princeton University Press.
  • Islam, M. A., & Hassan, M. K. (2004). An econometric estimation of the aggregate import demand function for Bangladesh: Some further results. Applied Economics Letters, 11(9), 575–580. https://doi.org/10.1080/1350485042000217990
  • Kolluri, B. R., & Torrisi, C. R. (1987). Aggregate import demand and elasticities of the major oil—exporting countries. Journal of International Economic Integration, 2(2), 89–103. https://doi.org/10.11130/jei.1987.2.2.89
  • Mah, J. S. (1997). Cyclical factors in import demand behavior: The Korean experience. Journal of Policy Modeling, 19(3), 323–331. https://doi.org/10.1016/S0161-8938(96)00055-5
  • Marston, R. (1971). Income effect and delivery lags in British import demand: 1955-1967. Journal of International Economics, 1(4), 375–399. https://doi.org/10.1016/0022-1996(71)90039-0
  • Mazeri, A. (1995). Imports under a foreign exchange constraint: The case of Islamic Republic of Iran. International Monetary Fund, WP/95/97, 95(97), 1. https://doi.org/10.5089/9781451851960.001
  • Moran, C. (1989). Imports under a foreign exchange constraint. The World Bank Economic Review, 3(2), 279–295. https://doi.org/10.1093/wber/3.2.279
  • Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds Testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326.
  • Sinha, D. (2001). A note on trade elasticities in Asian Countries. The International Trade Journal, 15(2), 221–237. https://doi.org/10.1080/088539001316901042
  • Sultan, Z. A. (2011). Foreign exchange reserves and India’s import demand: A cointegration and vector error correction analysis. International Journal of Business and Management, 6(7), 69. https://doi.org/10.5539/ijbm.v6n7p69
  • Tang, C. T. (2003). Japanese aggregate import demand function: Reassessment from ‘Bound’ testing approach. Japan and World Economy, 15(4), 419–436. https://doi.org/10.1016/S0922-1425(02)00051-8
  • Tennakoon, T. U. (2010). Price and income elasticities of disaggregated import demand in Sri Lanka. Staff Studies—central Bank of Sri Lanka, 40(1–2), 59–77. https://doi.org/10.4038/ss.v40i1.4681
  • Wills, S., & Van der Ploeg, F. (2014). Why do so many oil exporters peg their currency. In Foreign reserves as a de-facto sovereign wealth fund, IMF conference proceedings: Macroeconomic Challenges facing Low Income Countries, Washington, DC.
  • Yin, F., & Hamori, S. (2011). Estimating the import demand function in the autoregressive distributed lag framework: The case of China. Economics Bulletin, 31(2), 1576–1591.
  • Zaibet, L., Al Siyabi, M., Boughanmi, H., Al Abri, I., & Al Akhzami, S. (2022). Doing business in the COMESA region: The role of innovation and trade facilitation. Perspectives on Global Development and Technology, 21(2), 169–187. https://doi.org/10.1163/15691497-12341623
  • Zhou, Y., & Dube, S. (2011). Import demand functions: Evidence from CIBS. Journal of Economic Development, 36(4), 73. https://doi.org/10.35866/caujed.2011.36.4.004