Estimating Import Function in Libya

Authors

  • ABDUSALAM M. HWETA
  • AMER E. MEGRI

Abstract

The major objective of this paper was to estimate the short run and long run effect of the level of gross national income (GNI) on the value of imports (M).

Annual data of (GNI) and (M) were collected for the period 1970-1988. The estimated function showed that the short run marginal propensity to import was 0.144, and the short run marginal propensity to import was 0.21. The short and long run elasticities were also computed. The short run import elasticity was 0.538, and the long run import elasticity was 0.900. These results confirmed the theoretical assumption.

Author Biographies

ABDUSALAM M. HWETA

Dep. of Agriculture Economic - Faculty of Agriculture - University of Al-Fateh / Tripoli - Libya

AMER E. MEGRI

Dep. of Agriculture Economic - Faculty of Agriculture- University of Al-Fateh/ Tripoli - Libya

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Published

2023-04-07 — Updated on 2023-04-08

How to Cite

HWETA, A. M. ., & MEGRI, A. E. . (2023). Estimating Import Function in Libya. The Libyan Journal of Agriculture, 14(1). Retrieved from https://journals.uot.edu.ly/index.php/ljagric/article/view/378

Issue

Vol. 14 No. 1 (1999): The Libyan Journal of Agriculture

Section

Articles