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Purpose
The purpose of this paper is to present an empirical analysis of the aggregated import demand behavior for Nigeria using annual data between 1980 and 2006.
Design/methodology/approach
The bounds test analysis was used to estimate the long‐run relationship between imports and its determinants.
Findings
Test results show that imports, income and relative prices are cointegrated. The estimated long‐run elasticities of import demand with respect to income and relative prices are 2.48 and −0.133, respectively.
Originality/value
These results suggest that the Marshall‐Lerner condition are not satisfied for Nigeria.
© Emerald Group Publishing Limited
2010
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