Economics, Econometrics and Finance
4 years ago

Trade Liberalization Gains Exaggerated, UK Economy Armington Elasticities Reveal

1 view
Armington Elasticities For The UK Economy
Elliot Delahaye, Catherine Milot

Paper Summary

Armington elasticities were estimated for the UK economy to see how imported and domestically produced goods can be substituted. The results suggest that the current parameters used in the GTAP model may overestimate the benefits of trade liberalization for the UK.

Related papers

Economics, Econometrics and Finance
4 years ago

Retaliatory tariffs on U.S. produce could lead to uncertain trade outcomes.

Trade Impact
Regional Competitiveness
Food Prices
Economics, Econometrics and Finance
4 years ago

Turkey's Agricultural Trade Revolutionized by High Substitution Elasticities!

Trade Impact
Food Prices
Regional Competitiveness
1 view
Economics, Econometrics and Finance
4 years ago

European Study Reveals Varying Armington Elasticities Across Sectors and Countries

Infrastructure Impact
Trade Impact
Macroeconomic Analysis
1 view