Armington elasticities for United States manufacturing sectors

Reinert, Kenneth A.; Roland‐Holst, David

doi:10.1016/0161-8938(92)90033-9

Cited by 115 publications

(55 citation statements)

References 6 publications

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“…Abdelkhalek and Martens (1996) for 1990. The confidence intervals for σ are econometric estimates for 1985 from Abdelkhalek and Dufour (1998) , while those for 1990 are subjectively determined although consistent with the elasticity values reported by Reinert and Roland-Holst (1992).…”

Section: Application To Cge Models Of Moroccomentioning

confidence: 83%

Confidence Regions for Calibrated Parameters in Computable General Equilibrium Models

Abdelkhalek¹,

Dufour²

2006

Annales d'Économie et de Statistique

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CIRANOLe CIRANO est un organisme sans but lucratif constitué en vertu de la Loi des compagnies du Québec. Le financement de son infrastructure et de ses activités de recherche provient des cotisations de ses organisationsmembres, d'une subvention d'infrastructure du ministère de la Recherche, de la Science et de la Technologie, de même que des subventions et mandats obtenus par ses équipes de recherche. Reproduction partielle permise avec citation du document source, incluant la notice ©. Short sections may be quoted without explicit permission, provided that full credit, including © notice, is given to the source. CIRANO is a private non-profit organization incorporated under the ISSN 1198-8177Ce document est publié dans l'intention de rendre accessibles les résultats préliminaires de la recherche effectuée au CIRANO, afin de susciter des échanges et des suggestions.

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Section: Application To Cge Models Of Moroccomentioning

confidence: 83%

Confidence Regions for Calibrated Parameters in Computable General Equilibrium Models

Abdelkhalek¹,

Dufour²

2006

Annales d'Économie et de Statistique

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“…For instance, while some international …nance studies such as by Backus, Kehoe, and Kydland (1994), Bergin (2006), or Blonigen and Wilson (1999) employ quarterly data, other international …nance studies such as by Corsetti, Dedola, and Leduc (2008) or Crucini and Davis (2016) employ annual data. Similarly, while some international trade studies such as by Anderson and Van Wincoop (2003), Eaton and Kortum (2002), Head and Ries (2001), Simonovska and Waugh (2014a) or Simonovska and Waugh (2014b) consider annual data, other international trade studies such as by Reinert and Roland-Holst (1992) or Shiells and Reinert (1993) consider quartlerly data.…”

Section: Connecting the Two Literaturesmentioning

confidence: 99%

Unifying Macro Elasticities in International Economics

Yilmazkuday

2017

gwp

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International trade studies have higher macro (Armington) elasticity measures compared to international finance studies. This observation has evoked not only mixed policy implications regarding tariffs and exchange rates but also mixed welfare gains from trade. Regarding the policy implications, this so-called international elasticity puzzle is solved in this paper by distinguishing between elasticities of substitution and price elasticities of demand that are connected to each other through expenditure shares. It is shown theoretically and confirmed empirically that the macro elasticity in international trade is a weighted average of the macro elasticity in international finance and the elasticity of substitution across products of foreign countries. It is implied that one can always find an elasticity of substitution across foreign countries that would be consistent with different macro elasticities in the two literatures; therefore, the puzzle is something artificial due to the way that the foreign products are aggregated at destination countries. Regarding the welfare gains from trade, the two literatures are shown to have the very same implications when international finance studies have a unitary macro elasticity of substitution between home and foreign products or unitary terms of trade. As opposed to the existing literature that has offered many supplyside solutions to the puzzle, the results in this paper are independent of the supply side and thus are consistent with any production structure.

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“…In terms of elasticities of substitution (see Reinert and Roland-Holst 1992), it is mainly those on the demand side that are relevant. For estimating final demand a linear expenditure system is employed, whereby expenditure shares are held constant, and intermediate demand is governed by Leontief production functions.…”

Section: National Cge Model and Transport Scenario Modelingmentioning

confidence: 99%

Regional and environmental impacts of expanding the heavy duty vehicle charge to the secondary road network in Austria

Steininger¹,

Schmid²,

Tobin³

2012

Empirica

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In road freight transport a particularly large share of the total social costs generated is not borne by road users. To correct for this, many European countries use pricing instruments specifically targeted at heavy duty vehicles, so far targeted almost exclusively at the primary road network. In line with the overall EU objective of greening the transport sector, we discuss the possibility of expanding the road charging system to a more comprehensive, area-wide one. The degree to which peripheral or disadvantaged regions are hit over-proportionally by such a measure remains an open question in the literature on heavy duty vehicle road pricing. We combine an inputoutput and a computable general equilibrium approach to analyse the case for Austria. We find that while it is not the sectors of highest economic importance in the periphery regions that are hit by the charge, those sectors that are hit are those which are relatively more important in peripheral regions (with up to a twofold share in value added) and for whom production price impacts tend to be relatively strong. The short term consumer price effect of extending the current primary road network charges to the secondary network is found not to exceed 0.15%. In terms of the principles of sustainable transport we find that extending charge coverage is compatible with most core principles, the exception being the principle of regional need. In terms of environmental impact, for example, expanding heavy duty vehicle charges to the secondary road network reduces heavy duty vehicle kilometres in the overall network (and related emissions) by roughly 2%. However, in order to comply with the needs principle, suitable complementary transfer policies need to be designed and implemented for peripheral regions.

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Armington elasticities for United States manufacturing sectors

Cited by 115 publications

References 6 publications

Confidence Regions for Calibrated Parameters in Computable General Equilibrium Models

Confidence Regions for Calibrated Parameters in Computable General Equilibrium Models

Unifying Macro Elasticities in International Economics

Regional and environmental impacts of expanding the heavy duty vehicle charge to the secondary road network in Austria

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