| Abstract: | Examines the import demand model for some selected commodities of Nigeria's import trade. The commodities selected were those in which possibilities for import substitution and/or eventual replacement may be said to be very promising. The theoretical analyses establish the basis for the empirical work. The empirical work has shown that single equation method of least-squares regression could provide unbiased estimates of the parameters of the import demand. Furthermore the estimating equations show that the power function linear in logarithm provides the best fit to data and offers the best basis for 'dependable' prediction and/or projection. Notes, figures, tables. |