Croix, David De La; Urbain, Jean-Pierre - In: Journal of Applied Econometrics 13 (1998) 6, pp. 589-612
To study non-durable import demand, we extend previous work done by Clarida (1994) and Ceglowski (1991) by considering a two-good version of the lifecycle model in which we introduce time-non-separability in the households' preferences. The model is estimated using quarterly data for the USA and...