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| Balistreri, Edward J.; Fox, Alan K.. |
| This paper documents the construction of consistent social accounts that cover the period from 1978 to 2001 for the U.S. economy at a two-digit level of aggregation. There are four primary data sources for the construction of the accounts. First, the Bureau of Economic Analysis (BEA) publishes a Gross Domestic Product by Industry (GDPI) series that includes value added by factor and sector (at approximately the two-digit level). The series also includes other useful measures of total intermediate inputs and various double-deflation indices for conversion of current dollar measures into real measures. The second primary data source is the benchmark input-output (BIO) accounts published by the BEA. The input-output accounts allow us to decompose intermediate... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Public Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/15860 |
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| McDaniel, Christine A.; Balistreri, Edward J.. |
| 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... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/15856 |
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