Liu, Kai; Yamazaki, Masato; Koike, Atsushi - In: Journal of Chinese Economic and Foreign Trade Studies 13 (2020) 1, pp. 21-35
Purpose: The purpose of this paper is to compare the Armington elasticities for world average values and country-specific values and obtain evidence for whether the world average elasticities and the “rule of two”, which have been applied in many papers, are accurate for cereals in trade...