In this study, the price and income elasticities of Turkey's imported crude oil demand are analysed. In this context, annual time series data covering the period 1970-2018 are preferred for imported crude oil, real price for crude oil and real GDP. As known, Turkey is an energy dependent country...

In old age, consumption can fluctuate because of shocks to available resources and because health shocks affect utility from consumption. We find that even temporary drops in income and health are associated with drops in consumption and most of the effect of temporary drops in health on...

In December 2019, the United States and China reached a Phase One trade agreement, under which China committed to purchase more imports from the United States: $12.5 billion more agricultural imports in 2020 and $19.5 billion more in 2021, as compared to 2017. We show that the most efficient way...

The classic Working-Leser household Engel curve is unpacked to reveal individual budget allocations across commodities as a function of both individual and household total spending. Two main findings emerge on calibrating our model to an unusual sub-household dataset for Senegal. First, for all...

We examine the role of trade policy uncertainty in shaping the import decisions of firms. If the adoption of a new input requires a sunk cost investment, then the prospect of price increases in that input, e.g. due to trade barriers, reduces the adoption of that input (a substitution effect) and...

The notion of the determinants of import demand has become a major policy issue in most countries due to the persistent trade deficits being experienced and their effects on the economy. Against this backdrop, this study empirically examined the factors determining import demand in Zimbabwe...

Aggregate export supply function for US corn and bilateral import functions for US corn by Mexico, Japan, China, South Korea, and the EU are estimated using ARDL estimation techniques. The findings of the study show that export price, technology, and lagged exports impact positively on US corn...

Food insecurity and malnutrition are still major challenges for large proportions of households in Sub-Saharan Africa. The empirical literature on food demand, however, suggests mixed evidence on the roles of income and other socio-economic attributes on food demand. This study analyzes the food...