Agriculture Reference
In-Depth Information
Table A8.3 Elasticities of substitution in product and service demand
a
Merchandise sector
Between home goods
Between imports
and generc mports
accordng to source
Rce
4.9
9.2
Beverages
4.9
9.2
Other crops
4.9
9.2
Lvestock
4.9
9.2
Fish
4.9
9.2
Processed food
4.9
9.2
Minerals
5.6
11.2
Energy
5.6
11.2
Light manufacturing
5.4
11.8
Heavy manufacturing
5.7
11.9
Transport
3.8
7.6
Infrastructure services
3.9
7.6
Construction
3.8
7.6
Other servces
4.0
7.7
Note:
a
These long-run elastctes of substtuton n product and servce demand are
larger than the standard GTAP values, reflecting the long-run nature of the simulations.
Source:
Values are based on the calibration experiments discussed by Gehlhar, M.J.,
1994. Economic growth and trade in the Pacific Rim: an analysis of trade patterns,
Unpublished doctoral dissertation, Purdue University and aggregated using the modified
GTAP Version 5 database.
