responses and result in very different income elasticity estimates depending on which income source changes. Using dietary …

elasticity for imports being larger than the income elasticity for exports. Such macroeconomic developments are not applicable … elasticity for U.S. exports of services is significantly greater than the income elasticity for U.S. imports of services. Second … Keywords: U.S. Service Trade, External Imbalances, Income Elasticity, Price Elasticity, General-to- Specific, Automated …

period 1977-2002. The crucial parameter to estimate is the income elasticity of demand for imports which is done for Latin …

++++= lnlnlnln , (2.4) where η mm and η md are own- and cross-price elasticities, and η m is income elasticity of demand for … income elasticity equalling one ( 1 iy η = ), zero cross price elasticities ( 0 ij η = ) and own-price elasticity equalling …