Data/hora: 16/06/2024 09:16:57

Provedor de dados: | 31
País: | United States
Título: | A Discussion on Armington Trade Substitution Elasticities
Autores: | McDaniel,   Christine A.; Balistreri,   Edward J.
Data: | 2006-03-15
Ano: | 2002
Palavras-chave: | International Relations/Trade.
Resumo: | Applied partial and general equilibrium models used to examine trade policy are almost universally sensitive to trade elasticities. Indeed, the Armington elasticity, the degree of substitution between domestic and imported goods, is a key behavioral parameter that drives the quantitative, and sometimes the qualitative, results that policymakers use. While standard transparent approaches to econometric estimation of these elasticities have been offered for the last 30 years, the estimates are viewed as too small by many trade economists. A few robust findings emerge from the econometric literature: (1) more disaggregate analyses find higher elasticities, (2) long-run estimates are higher than short-run estimates, and (3) time series analyses generally find lower elasticities relative to cross-sectional studies. We offer simulation results to illustrate the sensitivity of general equilibrium models to Armington elasticites. We conclude with remarks on the current challenges that remain in determining these important parameters.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

20281

http://purl.umn.edu/15856

Editor: | AgEcon Search

Relação:

United States International Trade Commission&gt;Office of Economics&gt;Working Papers

Working Paper 2002-01-A

Formato:

17

application/pdf