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This paper investigates whether the elasticity of demand systematically changes from one importer country to another in … an international trade context. Evidence from U.S. exports supports this view by suggesting that the elasticity of demand … to the U.S. of the importer country. In terms of policy implications, using a common elasticity measure would …
Persistent link: https://www.econbiz.de/10012904910
Correct estimates of import demand elasticities are essential for measuring the gains from trade and predicting the impact of trade policies. We show that estimates of import demand elasticities hinge critically on whether they are derived using trade quantities or trade values, and this...
Persistent link: https://www.econbiz.de/10012865250
Correct estimates of import demand elasticities are essential for measuring the gains from trade and predicting the impact of trade policies. We show that estimates of import demand elasticities hinge critically on whether they are derived using trade quantities or trade values, and this...
Persistent link: https://www.econbiz.de/10012038660
lower and negative elasticity in the short run compared with the long run. Relative prices are three times as elastic in the …
Persistent link: https://www.econbiz.de/10013113737
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 …
Persistent link: https://www.econbiz.de/10014142632
Persistent link: https://www.econbiz.de/10012431509
empirical studies have largely focused on measuring the gains from an increased variety of imports. Trade theory, however …
Persistent link: https://www.econbiz.de/10009008074
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