Economics, Econometrics and Finance
4 years ago

New Study Reveals Impact of Domestic Production on Price Elasticities in LAC Countries

Documents de travail du Centre d'Economie de la Sorbonne
Price and Income Elasticities in LAC Countries: The Importance of Domestic Production
Carla Canelas, François Gardes, Silvia Salazar

Paper Summary

The article explores how to estimate price and income elasticities in countries with limited data. By including time in household production calculations, researchers can determine accurate price estimates for different goods. These estimates are crucial for designing effective policies and simulation models.

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