ELASTICITIES: BETIER POLICY STATISTICS FROM INTERINDUSTRY STUDIES
Harry W. Ayer and
No 283781, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
It is argued that multipliers from interindustry studies are easily misinterpreted. Elasticities are developed and presented as a more relevant policy statistic. A current example of the relative advantage of elasticities is given. Elasticities better reflect the potential for needed sector growth, and use more readily available and comprehended data.
Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers)
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