Resource Center

Advanced Search
Technical Papers
Working Papers
Research Memoranda
GTAP-L Mailing List
GTAP FAQs
CGE Books/Articles
Important References
Submit New Resource

GTAP Resources: Resource Display

GTAP Resource #6116

"Armington Elasticities For The UK Economy"
by Delahaye, Elliot and Catherine Milot


Abstract
In this paper, Armington elasticities, defined as the elasticities of substitution between imported and domestically produced goods, are econometrically estimated for the United Kingdom. These elasticities are intended for use in the GTAP computable general equilibrium model of world economy. Armington elasticities are critical parameters for such models but are rarely estimated empirically. With such reliance on general equilibrium models to inform policy, we want to determine how reliable such GTAP parameters are. With elasticities in the range of 0.001 to 2.692, the results of this paper suggest that the GTAP parameters of Armington elasticities are too high for an economy such as the United Kingdom. Thus, leading us to conclude that the GTAP model, with its current parameters, may inflate the gains from trade resulting from trade liberalisation.


Resource Details (Export Citation) GTAP Keywords
Category: 2020 Conference Paper
Status: Published
By/In: Presented during the 23rd Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2020
Version:
Created: Delahaye, E. (4/15/2020)
Updated: Delahaye, E. (5/18/2020)
Visits: 875
- Calibration and parameter estimation
- Europe (Western)


Attachments
If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.


Public Access
  File format Paper  (656.4 KB)   Replicated: 0 time(s)
  File format Presentation  (398.0 KB)   Replicated: 0 time(s)


Restricted Access
No documents have been attached.


Special Instructions
No instructions have been specified.


Comments (0 posted)
You must log in before entering comments.

No comments have been posted.