Estimation of Armington Elasticities: An Application to the Philippines

Cezary A Kapuscinski and Peter Warr

Departmental Working Papers from The Australian National University, Arndt-Corden Department of Economics

Abstract: The elasticities of substitution between imported and domestically produced goods - Armington elasticities - are estimated in this paper for the Philippines. The estimated elasticities are intended for use in a large, empirically based computable general equilibrium model of the Philippine economy. Armington elasticities are known to be important for the properties of these models but are seldom estimated empirically. The results of this paper suggest that estimation is possible for developing countries, like the Philippines, for which economic data are generally considered poor, provided appropriate account is taken of the dynamic properties of the data.

Keywords: Computable General Equilibrium models; cointegrating models; Armington elasticities; international trade; the Philippines. (search for similar items in EconPapers)
Pages: 25 pages
Date: 1996
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Estimation of Armington elasticities: an application to the Philippines (1999)
Working Paper: Estimation of Armington Elasticities: An Application to the Philippines (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:pas:papers:1996-08

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