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Intertemporal substitution in imported durables

✍ Scribed by Jaewoo Lee

Book ID
117140392
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
214 KB
Volume
44
Category
Article
ISSN
0022-1996

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πŸ“œ SIMILAR VOLUMES

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To study non-durable import demand, we extend previous work done by Clarida (1994) and Ceglowski (1991) by considering a two-good version of the lifecycle model in which we introduce time-non-separability in the households' preferences. The model is estimated using quarterly data for the USA and Fra

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## Abstract This paper addresses the empirical dilemma in identifying and estimating the parameters governing the intertemporal elasticity of substitution (IES) for import demand. We propose a new concept, the cross‐Euler equation, for overcoming this empirical dilemma. IES parameters are estimated