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In this paper, substitutional relationships between capital, labour, material, electricity, and fossil fuels in German … substitute for electricity, but not for fossil fuels. Results also support the hypothesis of capitalenergy substitutability and …
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Applied partial and general equilibrium models used to examine trade policy are almost universally sensitive to trade elasticities. Indeed, the Armington elasticity, the degree of substitution between domestic and imported goods, is a key behavioral parameter that drives the quantitative, and...
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