Ballingall, John; Allen, James - New Zealand Institute of Economic Research - 2011
Assumptions on export elasticities can have a big impact on CGE model results, especially at the industry level. Export … elasticity, the greater the change in export demand following a price shift. We find that the size of the export elasticities has … assess the impacts of shocks, such as a major policy change, on measures of welfare like real consumption or GDP. The export …