The article estimates the disaggregated import demand function for India using annual time series data for the period 1995–2017. The empirical results reveal strong evidence of long-run stable relationship among the variables considered in the study. The disaggregated import demand function is estimated for India using linear and non-linear ARDL model. The estimated linear ARDL model shows that gross capital formation, exports and relative prices affect import demand positively and significantly, both in the short and long run. While the impact of final consumption expenditure was found to be insignificant in the short run, it affects import demand significantly and positively in the long run. On the other hand, the result of the non-linear ARDL model shows the evidence of asymmetry in the impact of relative prices (positive and negative changes) on import demand, both in the short and long run.

JEL Codes: F41, B17, B41, C51

本文使用1995-2017年期间的年度时间序列数据估算了印度的分类进口需求函数。实验结果表明，在研究中考虑的变量之间存在长期稳定关系的有力证据。使用线性和非线性ARDL模型估算了印度的分类进口需求函数。估计的线性ARDL模型显示，总的资本形成，出口和相对价格在短期和长期内都对进口需求产生积极和显着的影响。虽然从短期看最终消费支出的影响微不足道，但从长远来看，它对进口需求产生了显着积极的影响。另一方面，

JEL代码： F41，B17，B41，C51