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This paper investigates the robustness of CGE models with respect to the elasticities of substitution in demand between domestically produced goods and foreign goods – the so-called Armington elasticities. The Armington-type modeling of trade is still one of the most extensively used...
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of vehicle miles traveled, with the aim of parameterizing the magnitude of the fuel price elasticity. To capture changes … indicating the 2017 survey year. We find a small but statistically significant mean elasticity of about -0.05 for the year 2009 … prices, as well as quantile regression to account for heterogeneity according to driving intensity. A similar pattern of …
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elasticity without the use of consumption or asset data. We find this elasticity on average to be negative, but small. The degree …
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