Publication at Faculty of Social Sciences, Faculty of Mathematics and Physics, Centre for Economic Research and Graduate Education |
2000
Abstract
This paper provides an overview of Czech food import demand in the transition period of the 1990s. It provides econometric estimates of own- and cross-price elasticities as well as group expenditure elasticities of Czech import demand for sixteen lower level and four upper level food groups.
Based on the Hausman test for endogeneity, which supported the hypothesis that Czech import prices were exogenously determined outside of the Czech economy, we estimated five demand models as direct-demand systems of the AIDS type. The econometric estimation of elasticities used bimonthly data from March 1993 to August 1997.