@article{Delahaye:333170,
      recid = {333170},
      author = {Delahaye, Elliot and Milot, Catherine},
      title = {Measuring the UK Economy’s Armington Elasticities},
      address = {2020},
      year = {2020},
      note = {Presented during the 23rd Annual Conference on Global  Economic Analysis (Virtual Conference)},
      abstract = {In this paper, Armington elasticities, defined as the  elasticities of substitution between imported and  domestically produced goods, are econometrically estimated  for the United Kingdom. These elasticities are intended for  use in the GTAP computable general equilibrium model of  world economy. Armington elasticities are critical  parameters for such models but are rarely estimated  empirically. With such reliance on general equilibrium  models to inform policy, we want to determine how reliable  such GTAP parameters are. With elasticities in the range of  0.001 to 2.692, the results of this paper suggest that the  GTAP parameters of Armington elasticities are too high for  an economy such as the United Kingdom. Thus, leading us to  conclude that the GTAP model, with its current parameters,  may inflate the gains from trade resulting from trade  liberalisation.},
      url = {http://ageconsearch.umn.edu/record/333170},
}