A Multi-ces and Non-Homothetic Approach for Agricultural Trade Analysis: A Modified Armington Procedure
Shoichi Ito,
Dean T. Chen and
E. Wesley Peterson
No 257925, Staff Reports from Texas A&M University, Agricultural and Food Policy Center
Abstract:
This study attempts to develop the original Armington procedure into a multi-CES non-homothetic model. The results using rice trade data indicate that the new approach is superior to the original. Elasticities of substitution for rice imported from individual suppliers appear to vary, and demand for imported rice is not homothetic.
Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Pages: 18
Date: 1989-03-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:tamfsr:257925
DOI: 10.22004/ag.econ.257925
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