Synthesis of Selected Elasticity Results
With the foregoing by way of background, the elasticity estimates themselves will now be considered. Since it would be fairly time-consuming to trace through the various elasticities in detail by means of the indexes and the annotations, an attempt has been made to synthesise some of the major results.
KeywordsPrice Elasticity Supply Elasticity Elasticity Estimate Total Import Transport Equipment
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Notes and References
- 2.Relevant formulae for these types of calculations are to be found in Robert M. Stern, The Balance of Payments ( Chicago: Aldine, 1973 ), pp. 64–9.Google Scholar