International trade studies have higher macro (Armington) elasticity measures compared to international finance studies … gains from trade. Regarding the policy implications, this so-called international elasticity puzzle is solved in this paper … through expenditure shares. It is shown theoretically and confirmed empirically that the macro elasticity in international …

a literature on structural estimation and link this to recent attempts to incorporate such theories in CGE applications … elasticity estimates. We favor elasticities taken from econometric exercises that employ identifying assumptions and exploit …

Recent theoretical work on international trade emphasizes the importance of trade elasticity as the fundamental …, the trade share provides an alternative source of identification for the elasticity of trade. Following Santos Silva and … the magnitude of trade cost elasticity. The welfare analysis reveals that the resulting extreme variability of the trade …

equations to estimate Armington import elasticities and related growth factors. Using the linear estimation method, we find …. The results of the non-linear estimation suggest that growth affects imports more than domestic consumption of domestic …

elasticity of trade with respect to trade frictions. We develop a new simulated method of moments estimator to estimate this … elasticity from disaggregate price and trade-flow data and we use it within Eaton and Kortum's (2002) Ricardian model. We apply … elasticity of roughly four, nearly fifty percent lower than Eaton and Kortum's (2002) approach. This difference doubles the …

Quantitative results from a large class of international trade models depend critically on the elasticity of trade with … respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate …-flow data for 123 countries in the year 2004 yields a trade elasticity of roughly four, nearly fifty percent lower than Eaton …

output elasticity of the budget balance confirms the result that an increase in GDP by about 1 percentage point above the …