Bilateral multifactor CES general equilibrium with state-replicating Armington elasticities

Jiyoung Kim (), Satoshi Nakano () and Kazuhiko Nishimura ()
Additional contact information
Jiyoung Kim: Institute of Developing Economies
Satoshi Nakano: The Japan Institute for Labour Policy and Training
Kazuhiko Nishimura: Nihon Fukushi University

Asia-Pacific Journal of Regional Science, 2018, vol. 2, issue 2, No 9, 452 pages

Abstract: Abstract We measure elasticity of substitution between foreign and domestic commodities by two-point calibration, such that the Armington aggregator can replicate the two temporally distant observations of market shares and prices. Along with the sectoral multifactor CES elasticities which we estimate by regression using a set of disaggregated linked input–output observations, we integrate domestic production of two countries, namely, Japan and the Republic of Korea, with bilateral trade models and construct a bilateral general equilibrium model. Finally, we make an assessment of a tariff elimination scheme between the two countries.

Keywords: State-replicating elasticities; Two-point calibration; Linked input–output tables; Bilateral general equilibrium (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s41685-017-0068-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:apjors:v:2:y:2018:i:2:d:10.1007_s41685-017-0068-7

Ordering information: This journal article can be ordered from
https://www.springer ... cience/journal/41685

DOI: 10.1007/s41685-017-0068-7

Access Statistics for this article

Asia-Pacific Journal of Regional Science is currently edited by Yoshiro Higano

More articles in Asia-Pacific Journal of Regional Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().