McDaniel, Christine A.; Gallaway, Michael P.; Rivera, … - 2003
changes in the relative price of those two goods, commonly known as the Armington elasticity. We estimate Armington … elasticities for 312 industries at the 4-digit SIC level over the period 1989 to 1995. Our estimation results offer the most … statistically significant differences exist within most 3-digit SIC industries, which highlights the importance of estimation at a …