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|Title:||Estimating Singapore's import function using demand systems theory|
|Authors:||Guan, L.K. |
|Source:||Guan, L.K.,Boey, C.K.,Chong, T.K. (1996). Estimating Singapore's import function using demand systems theory. Singapore Economic Review 41 (1) : 1-12. ScholarBank@NUS Repository.|
|Abstract:||In this paper we apply demand systems specification to estimate Singapore's import demand function, and use the homogeneity restriction to yield efficient consistent estimators in the presence of simultaneity bias as well as measurement errors and omitted variables. We find that the above methodology yields significantly better estimates than that of the traditional log-linear model.|
|Source Title:||Singapore Economic Review|
|Appears in Collections:||Staff Publications|
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