Estimates and Determinants of Armington Elasticities for the U.S. Food Industry

Lopez Elena () and Pagoulatos Emilio ()
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Lopez Elena: Department of Economics, University of Alcalá, 28802Alcala de Henares, Madrid, Spain
Pagoulatos Emilio: Department of Agricultural and Resource Economics, University of Connecticut, Storrs, CT, USA

Journal of Agricultural & Food Industrial Organization, 2017, vol. 15, issue 2, 8

Abstract: This paper provides estimates of elasticities of substitution between domestic and imported goods for 40 4-digit S.I.C. food manufacturing industries and explains the inter-industry differences among these coefficients in terms of industry sectoral characteristics. The results show that there is a wide range of variation among such elasticities and that the intensity of each industry’s percentage of output sold to final consumers, foreign direct investment, expenditures on advertising and the existence of import quotas affect the degree of substitutability between domestic and foreign goods in the face of a relative price change.

Keywords: armington elasticities of substitution; industry characteristics; international trade; U.S. food industry (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1515/jafio-2017-0040

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