Estimates of the elasticity of substitution between imported and domestically produced goods classified at the input-output level of aggregation
This empirical study of Armington elasticities between Australian domestically produced commodities and imported commodities of the same name follows directly from Alaouze, Marsden and Zeitsch [AMZ] (1977) (see Impact Project Working Paper O-11, available from this web site). In the present study the AMZ models were estimated from data constructed at the input-output [IO] (rather than the four-digit ASIC) level of aggregation. The major results obtained here are in basic agreement with those in AMZ. However, estimated substitution elasticities at this higher level of aggregation tended to be lower than those obtained in AMZ. Nevertheless, the elasticities of substitution estimated here at the IO aggregation level fell within the range of the estimates for any given IO category's ASIC components in those cases where substitution elasticities for two or more ASICs belonging to the same IO category were estimated in the AMZ study.
|Date of creation:||Oct 1977|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: 03 9919 1877
Web page: http://www.copsmodels.com/about.htm
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gregory, R G, 1971. "United States Imports and Internal Pressure of Demand: 1948-68," American Economic Review, American Economic Association, vol. 61(1), pages 28-47, March.
- Chris M. Alaouze & John S. Marsden & John Zeitsch, 1977. "Estimates of the Elasticity of Substitution Between Imported and Domestically Produced Commodities at the Four Digit ASIC Level," Centre of Policy Studies/IMPACT Centre Working Papers o-11, Victoria University, Centre of Policy Studies/IMPACT Centre.
When requesting a correction, please mention this item's handle: RePEc:cop:wpaper:o-13. 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: (Mark Horridge)
If references are entirely missing, you can add them using this form.