Lopez-Cordova, Ernesto; Micco, Alejandro; Molina, Danielken - In: ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN … (2008)
This paper estimates the elasticity of substitution of U.S. imports using detailed trade data over the 1990-2003 period. The authors use a two-stage least squares framework in order to identify the elasticity parameter of interest. The authors use the elasticity estimates to assess the extent to...