GTAP Resources: Resource Display
| GTAP Resource #1216 |
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"Short-Run and Long-Run Industry-Level Estimates of U.S. Armington Elasticities" by Gallaway, Michael, Christine Mcdaniel and Sandra A. Rivera Abstract The Armington substitution elasticity is a key parameter for trade-policy analysis. We estimate short- and long-run Armington elasticities for 309 manufacturing industries at the four-digit Standard Industrial Classification (SIC) level over the period 1989-1995. Our estimation results offer a comprehensive, disaggregated, and up-to-date set of Armington elasticities. On average, long-run estimates are approximately two times larger than the short-run estimates, which is important since long-run estimates are more appropriate for most trade-policy analysis. Also, statistically significant differences exist within most three-digit SIC categories, which highlights the importance of estimation at a disaggregated level. |
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- North America |
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Public Access  GTAP Resource 1216 (116.7 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
