Abstract
This study aimed to recognize both the short and long term models of the aggregate import demand for commodity in Jordan. Thus, to determine the impact of changes in price and income on the import demand, and so, it was estimated using the Autoregressive Distributed Lag model. However, the results indicated that there is an import demand of low price elasticity in the short and long term. Whereas, the income elasticity is greater than 1, namely, it is elastic in the short-term but with low elasticity in the long term. Meanwhile, the received elasticities pointed out to useful information for the decision-maker and for future research in Jordan as well as other developing countries regarding import demand.
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Al-Sawaie, K.M. et al. (2023). Jordanian Imports: Income and Price Elasticity of Demand. In: Alareeni, B.A.M., Elgedawy, I. (eds) Artificial Intelligence (AI) and Finance. Studies in Systems, Decision and Control, vol 488. Springer, Cham. https://doi.org/10.1007/978-3-031-39158-3_69
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DOI: https://doi.org/10.1007/978-3-031-39158-3_69
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