IJPAM: Volume 117, No. 2 (2017)

Title

EVALUATION OF THE IMPACT OF CONSUMPTION,
INVESTMENT AND EXPORT ON IMPORT - DATA
FROM GERMAN ECONOMY

Authors

M. Ivanova$^1$, L. Dospatliev$^2$
$^1$Department of Informatics and Mathematics
Faculty of Economics
Trakia University
Studentski Grad, Stara Zagora, 6000, BULGARIA
$^2$Department of Pharmacology
Animal Physiology and Physiological Chemistry
Faculty of Veterinary Medicine
Trakia University
Studentski Grad, Stara Zagora, 6000, BULGARIA

Abstract

German import represents 5.6% of total global imports and this establishes Germany as the third largest importer in the world. This study examines the dependence of imports on consumption, investment and exports in Germany, using time series data for the period 1997-2013. We received an error correction model that involved short-term and long-term effects and seasonal components. Based on the estimated model, with 1% increase in investment or exports the short-term effect would result in an increase in imports by 0.39% and 0.58%, respectively. We determined the period for which there would be a balance of imports in case of shock on independent variables. There is also a slight constant change in imports during different seasons and a general reduction of import growth by 5.59% on average.

History

Received: 2017-06-14
Revised: 2017-11-15
Published: December 23, 2017

AMS Classification, Key Words

AMS Subject Classification: 62-07, 91B60, 91B64, 91B82
Key Words and Phrases: import, consumption, investment, export, error correction model

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Bibliography

How to Cite?

DOI: 10.12732/ijpam.v117i2.6 How to cite this paper?

Source: International Journal of Pure and Applied Mathematics
ISSN printed version: 1311-8080
ISSN on-line version: 1314-3395
Year: 2017
Volume: 117
Issue: 2
Pages: 309 - 333


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