Import competition from developed and developing countries ( substitution).

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Investigates the substitutability between imports from developed countries, imports from less developed countries, and home goods in the US market for certain goods. Separate import demand equations are estimated for imports from developed countries and from LDCs for each of 11 representative commodity groups. The categories were chosen to represent both consumer and intermediate goods for which imports constitute a large share of the US domestic market, and for which the LDC share in total US imports is significant. Concludes, suggesting reasons why, that imports from both developed countries and LDCs are in most cases relatively close substitutes for domestically produced commodities, but quite imperfect substitutes for one another. -from Author English

Original languageEnglish (US)
Pages (from-to)271-281
Number of pages11
JournalReview of Economics and Statistics
Issue number2
StatePublished - 1982

All Science Journal Classification (ASJC) codes

  • Social Sciences (miscellaneous)
  • Economics and Econometrics


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