Faculty Sponsor(s)
Eric Schuck
Subject Area
Economics
Description
In this paper, we estimate a time-series import demand model for the United States over the years 1970-2019. The dependent variable is real imports of goods and services. The explanatory variables are real GDP, the relative price of imports, and income inequality as measured by the Gini coefficient. We find no statistical evidence that income inequality affects U.S. import demand.
Recommended Citation
Person, Payton, "Does Income Inequality Affect Import Demand in the U.S.?" (2021). Linfield University Student Symposium: A Celebration of Scholarship and Creative Achievement. Event. Submission 42.
https://digitalcommons.linfield.edu/symposium/2021/all/42
Does Income Inequality Affect Import Demand in the U.S.?
In this paper, we estimate a time-series import demand model for the United States over the years 1970-2019. The dependent variable is real imports of goods and services. The explanatory variables are real GDP, the relative price of imports, and income inequality as measured by the Gini coefficient. We find no statistical evidence that income inequality affects U.S. import demand.
