Baldwin, Richard E. (contributor); … - 2006
experiment. Six years ago, European nations
accounting for 20% of world output, 30% of world trade and 300 million people found … producer price in the exporting nation, nation-o, must be such that it can sell all its
output, either at home or abroad …. Taking its nation-o’s output as given, we can use the CES expenditure
share function for all of nation-o’s destination …