## Testing for the Impact of Inflation on Import Demand FunctionsU.S. Department of Agriculture, Economic Research Service, Agriculture and Trade Analysis Division, 1989 - Agricultural prices - 17 pages |

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coefficient restriction Coefficients T statistics consumers correct index CPI Coefficients deflator degree zero demand and supply domestic demand function Economists elasticity estimates equation specified equivalent to specifying estimating import demand estimators in quadrant F for restriction F statistics five countries functions are derived homogeneity in import Homogeneity tests homogeneous of degree import demand equations import demand functions impose zero homogeneity include the CPI income and prices income elasticities Item Models Ln(Im Mexico Michael Price Models with CPI Models without CPI money illusion nominal and real nominal import demand nominal income nominal prices note and footnotes null hypothesis perfect knowledge price index Price of soybeans prices and income quadrant IV real prices real terms represents testing restriction 1,10 restriction in quadrant Spain specification in quadrant specified in real specifying an import statistics Coefficients statistics Constant Table test for zero unrestricted model wheat equation wholesale price index Y/CPI ZERO HOMOGENEITY RESTRICTION