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Estimation of Trade Substitution Elasticities for Swedish Manufacturing Sectors: Armington elasticities at the two-digit ISIC Rev.3 level
University West, Department of Economics and IT, Divison of Law, Economics, Statistics and Politics.
University West, Department of Economics and IT, Divison of Law, Economics, Statistics and Politics.
2017 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

In this paper we estimate Armington elasticities for Swedish manufacturing sectors at the two-digit level of the International Standard Industrial Classification system (ISIC). These elasticities represent the sensitivity of Swedish consumption to relative price changes between imports and domestically produced products. We rework and refine the methodology taken from previous literature to create regression equations that keep intact the mathematical relationship inherent in substitution elasticities. Subsequently, data was taken from Eurostat and the OECD. This data was transformed into time series that correspond to the variables in the regression equations. The time series were tested for integration and cointegration. Out of fourteen manufacturing sectors for which data was available, we recommend five elasticity estimates for further use.

Place, publisher, year, edition, pages
2017. , 33 p.
Keyword [en]
Armington, Trade, Elasticity, Econometrics, Substitution Elasticity, Armington Elasticity, STAN, PRODCOM, Sweden, Swedish Trade, Import Demand, Armington Model
National Category
Economics
Identifiers
URN: urn:nbn:se:hv:diva-11379Local ID: NAX500OAI: oai:DiVA.org:hv-11379DiVA: diva2:1135847
Subject / course
Nationalekonomi
Educational program
International Programme in Politics and Economics
Supervisors
Examiners
Available from: 2017-08-25 Created: 2017-08-24 Last updated: 2017-08-25Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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  • modern-language-association-8th-edition
  • vancouver
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Language
  • de-DE
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  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf