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GTAP Resource #7307

"Estimating Elasticities for Tradable Services in Policy Simulations"
by Schreiber, Samantha and Saad Ahmad

This paper provides new estimates of the elasticities of substitution for several disaggregated services sectors. Our approach relies on methods that utilize the theoretical relationship between the elasticity and profit margins in a monopolistic competition model framework as described in Gervais and Jensen (2019) and Ahmad and Riker (2019). First, we estimate elasticities at the NAICS 3-digit level using industry output and gross operating surplus data from the U.S. Bureau of Economic Analysis (BEA). We then concord the 3-digit NAICS codes to GTAP sectors and re-estimate services elasticities at the GTAP sector level. The mean elasticity of substitution is 7.48 at the NAICS 3-digit level and 6.42 at the more aggregated GTAP sector level.

Resource Details (Export Citation) GTAP Keywords
Category: 2024 Conference Paper
Status: Not published
By/In: Presented during the 27th Annual Conference on Global Economic Analysis (Fort Collins, Colorado, USA)
Date: 2024
Created: Ahmad, S. (4/15/2024)
Updated: Ahmad, S. (6/5/2024)
Visits: 93
- Trade in services
- Calibration and parameter estimation

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