IDEAS home Printed from https://ideas.repec.org/a/eme/jespps/v41y2014i5p630-643.html
   My bibliography  Save this article

Sensitivity analysis in an imperfect substitutes model of preferential trade

Author

Listed:
  • Kenneth A. Reinert

Abstract

Purpose - – The purpose of this paper is to develop a formal representation of the imperfect substitutes model (ISM) of partial equilibrium, trade policy analysis and to conduct sensitivity analysis on the behavioral parameters of the model. Design/methodology/approach - – The paper develops an ISM in a manner that is conformable to more complex, applied general equilibrium models of trade policy analysis. Findings - – The paper presents a set of sensitivity analyses on key behavioral parameters for a better understanding of the model's properties. Research limitations/implications - – Sensitivity analysis on the values of behavioral parameters in ISMs needs to be conducted by trade policy modelers. Practical implications - – The ISM is made more explicit here than in most representations, something that will be of great use to practitioners. Originality/value - – While widely used in trade policy circles, the ISM is rarely explicitly formulated, nor the role of its behavioral parameters explored.

Suggested Citation

  • Kenneth A. Reinert, 2014. "Sensitivity analysis in an imperfect substitutes model of preferential trade," Journal of Economic Studies, Emerald Group Publishing, vol. 41(5), pages 630-643, September.
  • Handle: RePEc:eme:jespps:v:41:y:2014:i:5:p:630-643
    as

    Download full text from publisher

    File URL: http://www.emeraldinsight.com/10.1108/JES-05-2013-0064?utm_campaign=RePEc&WT.mc_id=RePEc
    Download Restriction: Access to full text is restricted to subscribers

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jespps:v:41:y:2014:i:5:p:630-643. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman). General contact details of provider: http://www.emeraldinsight.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.