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.

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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.