Armington elasticity
id:
armington-elasticity-252-9527542
title:
Armington elasticity
text:
An Armington elasticity is an economic parameter commonly used in models of consumer theory and international trade. It represents the elasticity of substitution between products of different countries, and is based on the assumption made by Paul Armington in 1969 that products traded internationally are differentiated by country of origin. The Armington assumption has become a standard assumption of international computable general equilibrium models. These models generate smaller and more real
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wiki
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encyclopedia
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original url:
https://en.wikipedia.org/wiki/Armington_elasticity
date created:
date modified:
2022-11-27T01:06:57Z
main entity:
{"identifier":"Q4793575","url":"https://www.wikidata.org/entity/Q4793575"}
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13
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