Import demand, liberalization, and economic development

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19 Scopus citations


This paper examines the Melo and Vogt (1984) hypotheses concerning the relationship between import demand elasticities and trade liberalization during the process of economic development in Thailand. The results using first differenced variables to assure stationarity show that income elasticity increased with import liberalization, supporting the hypothesis. However, price elasticity is not shown to increase with economic development, unlike the hypothesis concerning the change in income elasticity. These results contradict those of previous researchers that used nonstationary variables. Published by Elsevier Science Inc.

Original languageEnglish
Pages (from-to)497-503
Number of pages7
JournalJournal of Policy Modeling
Issue number4
StatePublished - Jul 1999


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