Long run income elasticities of import demand

This project explores how demand for world and UK exports may change in response to rising incomes.

This project explores how demand for world and UK exports may change in response to rising incomes. In particular, it looks at how the magnitude and product mix of imports varies with income and across economies at different stages of development. The background to this focus is one where new trends in global demand and supply bring new challenges and opportunities for UK exporters and a renewed awareness of the role of industrial strategy and sectoral policy in fostering UK competitiveness.

Funder

This study was funded by the Department for Business, Innovation and Skills.

The data and report are available here:

https://www.gov.uk/government/publications/import-demand-long-run-income-elasticities

Duration

February 2013 - September 2013

Research programmes