Determinants of Imports in Guinea
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Date
2021-07-16
Authors
AGBENO, Yao
Journal Title
Journal ISSN
Volume Title
Publisher
African Economic Research Consortium
Abstract
The objective of this paper is to examine the factors that influence Guinea’s overall
import demand using annual data covering the period 1980-2015. Through the Error
Correction Model (ECM), we estimated the short- and long-term relationships to
measure the effect of real investment expenditure, real effective exchange rate, real
final consumption demand and trade policy on import demand, after testing the
existence of a cointegration relationship between the different variables of the model.
The results showed that in the short term as in the long term, the demand for
real investment, the real demand for final consumption and the trade policy based
on the adoption of the new tariff system from 2005 are the main determinants of the
import request in Guinea. These results allowed us to draw some implications for
economic policy