This paper studies imports demand on short term and long term "basis in the
Iran"s economy based upon cumulative methods of Engel-Granger,
Johansen, Veshin sons and Philips-Hensen. Stability parameters are
calculated by exploiting Kalman Filter CUSUM and CUSUMQ. The results
indicate that the standard theorem of import demand based upon various
relative prices and scale variables can not satisfactorily explain imports
behavior in the Iranian economy. Therefore, in exchange limitation status,
imports demand model is employed to distinct demand equation and analyse
its defining factors.
The elasticity of long term demand of import accumulation by all different
definitions and approaches, as well as by Kalman Filter method is estimated
with high degree of precision close to one, although it displays mild
periodical behaviour. The elasticity of short term revenue is estimated far
greater than one, about 5.7. This indicates that the Iranian economy has been
able to adapt for the required.structures adjustments in order to diminish its
dependency on imports. The estimation of imports price elasticity is not
precise and is not stable during the sampling period. Nevertheless, it is
expected that coexistence of devaluation policy with trade liberalisation has
considerable effects on imports demand.
The present paper surveys the mutual influence of production and exports,
with emphasize on non-oil exports and its effective factors by employing
two-phase minimum square method. The results show that both non-oil
exports and GDP have meaningful effects on each other but, the effects of
GDP on 11On-oilexports is much higher. On the other hand, influence of
monetary variables such as exchange rates and terms of trade, together with
factors such as work, capital assets and imports on non-oil exports are
calculated and analyzed as well. The relation and the extent of each
variable"s effects are also defined.