Table 2E.1 U.S. Import Elasticities, 1999–2008 Long-run income and price elasticities of import demand U.S. goods imports
Economy Argentina
(1)
(2)
F-statisticsa
Lagsb
15.07
5
(3) Durbin’s testc Prob> X2 = 0.54
U.S. services imports (4)
Income elasticities –0.5528 (0.109)
Brazil
2.87
3
Prob> X2 = 0.41
1.2441** (0.018)
Canada
0.13
5
Prob> X2 = 0.74
0.0488 (0.956)
China
4.19
4
Prob> X2 = 0.20
8.6450*** (0.006)
France
1.61
1
Prob> X2 = 0.24
0.4724 (0.294)
Germany
3.34
2
Prob> X2 = 0.89
1.8615*** (0.007)
Hong Kong, China India
3.69
3
Prob> X2 = 0.79
–2.7530** (0.011)
11.96
6
Prob> X2 = 0.48
8.0550*** (0.000)
Japan
2.07
4
Prob> X2 = 0.30
–0.1623 (0.582)
(5)
(6)
(7)
Price elasticities F-statisticsa Lagsb
(8)
(9)
(10)
Durbin’s testc
Income elasticities
Price elasticities
–0.1318* (0.071)
4.80
6
Prob> X2 = 0.73
2.2540** (0.034)
–0.5155 (0.426)
–0.0898 (0.255)
5.70
2
Prob> X2 = 0.45
0.2577 (0.515)
–0.5986*** (0.006)
–0.0569 (0.932)
9.44
6
Prob> X2 = 0.21
7.5568*** (0.000)
3.2146*** (0.006)
1.8407*** (0.007)
8.39
1
Prob> X2 = 0.72
6.0187*** (0.000)
0.2330 (0.534)
–0.0615 (0.663)
3.29
5
Prob> X2 = 0.14
5.4116** (0.012)
1.0838 (0.132)
–0.0774 (0.617)
5.21
4
Prob> X2 = 0.65
4.7037*** (0.003)
0.4846 (0.121)
0.3589 (0.544)
4.02
2
Prob> X2 = 0.46
5.4964** (0.012)
–1.9867* (0.052)
0.9567* (0.093)
1.94
2
Prob> X2 = 0.53
2.0745** (0.039)
–0.0496 (0.930)
0.2765 (0.188)
3.65
3
Prob> X2 = 0.78
1.7411** (0.011)
–0.0555 (0.658) (continued next page)
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