Németh, Gabriella; Szabó, László; Ciscar, Juan-Carlos - In: Economic Modelling 28 (2011) 4, pp. 1993-1999
The main goal of the article is to estimate Armington elasticities of the energy and energy-intensive sectors of the GEM-E3 computable general equilibrium model. The model follows the standard two-stage budget optimisation of the consumer by first optimising between domestically produced and...