Imports of developing countries : an empirical model of intertemporal allocation and financial constraints (anglais)

This paper specifies and estimates for three developing countries two intertemporal models of total imports. Imports are related alternatively to foreign exchange receipts and to GNP, with explicit account taken of expectations about the future values of these variables, future import prices and interest rates. Using non-nested hypothesis tests, the models are compared between themselves and with two other models of imports in the literature. While...
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