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Introduction
The main body of literature in Keynesian framework relating to export or import demand function
treats relative price and income variable as the principal determinant of export or import demand
function. This tradition took lead till early 1990s. But this conventional approach faces a major
†
This paper has been prepared for presentation in International Conference on Applied Economics and
Time Series Econometrics (ICAETE) at IBS-Hyderabad in collaboration with Indira Gandhi Institute of
Development Research (IGIDR) and The Indian Econometric Society (TIES) on April 17-18, 2009.
* Associate Professor and Chairman, Department of Economics, North South University, Dhaka 1213,
Bangladesh. E-mail: gour@northsouth.edu
* * Ph.D. Student, Department of Economics, Southern Illinois University at Carbondale, Illinois, USA.
E-mail: ksahmed@siu.edu
Pooled
© 2010Mean
IUP. Group Estimation
All Rights of the Bilateral Inpayments and Outpayments
Reserved. 27
for Bangladesh vis-à-vis Major Trading Partners