Havrila, Inka and Gunawardana, Pemasiri (2009) Australia's import demand for clothing products: determinants and elasticities. International Journal of Business Research, 9 (1). pp. 26-35. ISSN 1555-1296

Abstract

In this paper a model of Australia's import demand for clothing products is developed and estimated. The results show that, in the short-run, price of imports relative to domestic price of clothing and Australia's real income are the significant determinants of import demand. In the long run the significant determinants of import demand are relative price of imports, Australia's real income, and effective rate of assistance to Australia's clothing industries. The long run elasticity estimates indicate that a one percent increase in real income is associated with 2.58 per cent increase, a one per cent increase in the relative price results in a 0.41 per cent decline, and a one per cent decrease in the effective rate of assistance leads to 0.22 per cent increase in import demand for clothing products

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