Amano, Robert A.; Ho, Wai-Ming; Wirjanto, Tony S. - Centre de Recherche sur l'Emploi et les Fluctuations … - 1999
In this paper, we study intraperiod and intertemporal substitution in U.S. import demand using a two-good version of the permanent-income model that allows for nonseparability between domestic and imported goods consumption. The intratemporal elasticity of substitution between the two goods is...