The effects of income distribution on consumer imports

Arestis, Philip; Driver, Ciaran

Abstract

The aim of this paper is to examine empirically the proposition that disaggregated income is important in determining the imports of consumer goods. An estimable equation is derived and tested using annual data (1962–84). The technique of Autoregressive Generalized Least Squares is used throughout along with tests for statistical bias. The results are supportive of the main hypothesis of the paper that income distribution exerts a powerful and statistically significant influence on the imports of consumer durables. Finally, the implications of income distribution on the balance of payments are discussed.

Citation

Arestis, P., & Driver, C. (1987). The effects of income distribution on consumer imports. Journal of Macroeconomics, 9(1), 83-94. https://doi.org/10.1016/S0164-0704%2887%2980008-3

• Journal Article Type: Article
• Publication Date: Jan 1, 1987
• Deposit Date: Aug 15, 2015
• Journal: Journal of Macroeconomics
• Print ISSN: 0164-0704
• Electronic ISSN: 1873-152X
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 9
• Issue: 1
• Pages: 83-94
• DOI: https://doi.org/10.1016/S0164-0704%2887%2980008-3