The elasticity of substitution between imported and domestically produced goods in Germany
The elasticity of substitution concept has become one of the mainstays in the measurement of price responsiveness not only in production theory, where it originates, but also in the study of international trade. It has been applied, for example, in the context of the world demand for exports from two competing sources (Richardson (1973), Zelder (1958)),to estimate one country's relative demand for imports from competing foreign sources (Hickman and Lau (1973), Morgan and Corlett (1951)), and to estimate one country's demand for imports relative to domestic substitutes (Alaouze (1\9 77), Mutti (1977)). The present paper pursues the last issue by examining the elasticity of substitution between the demand for commodity imports and domestic substitutes in the Federal Republic of Germany, using data disaggregated at an industry level.
|Date of creation:||1984|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +49 431 8814-1
Fax: +49 431 85853
Web page: http://www.ifw-kiel.de
More information through EDIRC
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.:
- Verdoorn, P. J. & Schwartz, A. N. R., 1972. "Two alternative estimates of the effects of EEC and EFTA on the pattern of trade," European Economic Review, Elsevier, vol. 3(3), pages 291-335, November.
- Hickman, Bert G. & Lau, Lawrence J., 1973. "Elasticities of substitution and export demands in a world trade model," European Economic Review, Elsevier, vol. 4(4), pages 347-380, December.
- Nancy D. Ruggles, 1974. "The Role of the Computer in Economic and Social Research in Latin America," NBER Books, National Bureau of Economic Research, Inc, number rugg74-1, August.
- Paul S. Armington, 1970. "Adjustment of Trade Balances: Some Experiments with a Model of Trade among Many Countries (Ajustement de la balance commerciale: quelques expÃ©riences avec un modÃ¨le d'Ã©changes internationaux) (El a," IMF Staff Papers, Palgrave Macmillan, vol. 17(3), pages 488-526, November.
- Irving Kravis & Robert E. Lipsey, 1974.
"International Trade Prices and Price Proxies,"
in: The Role of the Computer in Economic and Social Research in Latin America, pages 253-268
National Bureau of Economic Research, Inc.
- Paul S. Armington, 1969. "A Theory of Demand for Products Distinguished by Place of Production (Une thÃ©orie de la demande de produits diffÃ©renciÃ©s d'aprÃ¨s leur origine) (Una teorÃa de la demanda de productos distinguiÃ©nd," IMF Staff Papers, Palgrave Macmillan, vol. 16(1), pages 159-178, March.
- Richardson, J. David, 1973. "Beyond (but back to?) the elasticity of substitution in international trade," European Economic Review, Elsevier, vol. 4(4), pages 381-392, December.
- 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.
When requesting a correction, please mention this item's handle: RePEc:kie:kieliw:200. 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: (Dieter Stribny)
If references are entirely missing, you can add them using this form.