González, Roberto; Sala, Hector - 2011
This paper provides estimates for the Mercosur countries of the Frisch elasticity - i.e., the elasticity of …, with estimated elasticities ranging from 12.8 in Argentina to -13.1 in Paraguay. Brazil and Uruguay are in between, both … main reason behind the negative estimates found in Brazil, Paraguay and Uruguay. The heterogeneity of these estimates is …