This paper attempts to re-examine Korea�s import demand behavior with an enhanced\neconometric technique and an up-to-date dataset. To achieve the goal, an autogressive\ndistributed lag (ARDL) approach is adopted. Our results show the existence of the long-run\nrelationship between Korea�s imports and its major determinants such as income and price. It\nis also found that income plays an important role in influencing Korea�s imports in both the\nshort- and long-run. On the other hand, price is found to have a significant impact on Korea�s\nimports only in the short-run.
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