Elasticity Of Substitution Between Home And Foreign Goods

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The Elasticity of Substitution between Domestic and ...

    https://www.cnb.cz/en/economic-research/research-publications/cnb-working-paper-series/The-Elasticity-of-Substitution-between-Domestic-and-Foreign-Goods-A-Quantitative-Survey-00001/
    Apr 03, 2020 · Josef Bajzík, Tomáš Havránek, Zuzana Iršová, Jiří Schwarz. A key parameter in international economics is the elasticity of substitution between domestic and foreign goods, also called the Armington elasticity. Yet estimates vary widely. We collect 3,524 reported estimates of the elasticity from 42 studies over 1977-2018, construct 34 variables that reflect the context in which researchers …

Trade Elasticity of Substitution and Equilibrium Dynamics

    https://www.federalreserve.gov/pubs/ifdp/2008/934/ifdp934.pdf
    foreign agents. If the elasticity of substitution is low, foreigners are willing to give up most of their good in order to consume at least some of the domestic good, and domestic agents end up consuming most of the domestic and the foreign good. The reverse is true as well. Foreign agents consume most of the two goods, if the foreignCited by: 20

In Search of the Armington Elasticity

    https://cid.econ.ucdavis.edu/Papers/pdf/MS17784.pdf
    substitution elasticity between home and foreign varieties of good g. In turn, the country j foreign consumption index CFj g depends on consumption from all possible sources of imports i 6= j,withrandomcountry-of-originweights ij g i6= j, P i6= j ij g =1: CFj g = " XJ i=1,i6= j ij …File Size: 689KB

Armington elasticity and international trade models: Fifty ...

    https://voxeu.org/article/armington-elasticity-and-international-trade-models-fifty-years
    Sep 23, 2020 · A key parameter informing policy models in international economics is the elasticity of substitution between domestic and foreign goods, also known as the Armington elasticity. Yet elasticity estimates have varied widely since Armington’s seminal 1969 contribution.

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