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THE CHANGE IN THE U.S. IMPORT DEMAND FUNCTION FROM THE 1950s TO THE 1960s: A COMMENT.

The article presents comments from the author on the change in the U.S. import demand function between 1950 and 1960. Estimates shown by economists James Joy and J. D. Stolen indicate a shift in the income elasticity of U.S. import demand from about 2.0 in the 1950s to about zero in the 1960s. They...

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Published in:Review of Economics & Statistics Vol. 59; no. 2; pp. 250 - 252
Main Author: Hooper, Peter
Format: Article
Published: MIT Press May77
Subjects:
Imports
Economic demand
Elasticity (Economics)
Estimates
Joy, James
Income
Stolen, J. D.
Economic trends
Economic forecasting
Multicollinearity
United States
Online Access:View this record in EBSCOhost