Research and analysis

Import demand: long run income elasticities

Examines how changes in global incomes influence import demand across different products and markets. BIS research paper number 144.

Documents

Long run income elasticities of import demand

Long run income elasticities of import demand: data tables

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Details

Report that aims to explain how demand for world and UK exports may change in response to rising incomes. In particular, it explores how the volume and product mix of imports varies with income and across economies at different stages of development.

The background to this report is new trends in global demand and supply, which bring:

  • new challenges and opportunities for UK exporters
  • a renewed awareness of how industrial strategy and sectoral policy can support UK competitiveness
Published 24 October 2013