Katsimi, Margarita; Moutos, Thomas - In: Journal of International Money and Finance 30 (2011) 3, pp. 492-506
In this paper we investigate the empirical importance of changes in inequality on the demand for imports by examining US data from 1948 to 2007. We find evidence of a long-run relationship of a standard imports equation including income inequality. The existence of a cointegrating equation in...