01722cas a2200241 a 4500 AALejournalIMF007436 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855340 1018-5941 BD-DhAAL BD-DhAAL Senhadji, Abdelhak. Time-Series Estimation of Structural Import Demand Equations : A Cross-Country Analysis / Abdelhak Senhadji. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper derives a structural import demand equation and estimates it for a large number of countries, using recent time series techniques that address the problem of nonstationarity. Because the statistical properties of the different estimators have been derived only asymptotically, econometric theory does not offer any guidance when it comes to comparing different estimators in small samples. Consequently, the paper derives the small-sample properties of both the ordinary-least-squares (OLS) and the fully-modified (FM) estimators using Monte Carlo methods. It is shown that FM dominates OLS for both the short- and long-run elasticities. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/132 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/132/001.1997.issue-132-en.xml IMF e-Library