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The structure introduced by Armington (1969) has been used to analyze trade policy in partial and general equilibrium models. The Armington elasticities, the degree of substitution between domestic and import goods are known to be important, but are seldom estimated empirically. Therefore, we...
Persistent link: https://www.econbiz.de/10011748388
Estimates of the impacts on imports due to trade agreements depend fundamentally on the elasticity of substitution between imports from different foreign suppliers. This paper estimate the elasticity of substitution for Brazilian imports, for 42 sectors of input-output table for 2005,...
Persistent link: https://www.econbiz.de/10009411276
The structure introduced by Armington (1969) has been used to analyze trade policy in partial and general equilibrium models. The Armington elasticities, the degree of substitution between domestic and import goods are known to be important, but are seldom estimated empirically. Therefore, we...
Persistent link: https://www.econbiz.de/10014089859