Regional computable general equilibrium (CGE) models have grown in popularity in recent
years as an alternative method to examine regional economies and regional policy issues …

This paper provides a comprehensive assessment of the margins along which firms
responded to a large and persistent minimum wage increase in Hungary. We show that …

Specifically Harrison, Rutherford and Tarr (2001) make this argument. In their “low
elasticities” case an Armington of 4 and a lower-level elasticity of substitution between …

Since the seminal work of Krugman, product variety has played a central role in models of
trade and growth. In spite ofthe general use oflove-of-variety models, there has been no …

Computable general equilibrium (CGE) models play an important role in supporting public-
policy making on such issues as trade, climate change and taxation. This significantly …

A key parameter in international economics is the elasticity of substitution between domestic
and foreign goods, also called the Armington elasticity. Yet estimates vary widely. We collect …

Recent natural and manmade disasters have had significant regional economic impacts.
These effects have been muted, however, by the resilience of individual businesses and of …

How big is the elasticity of substitution between goods from different countries—the
Armington elasticity? Estimates of the macroelasticity between home and imported goods …

A common feature of many international trade models is national product differentiation:
countries produce and trade differentiated goods that are to some extent substitutable for …

The effects of the Uruguay Round are quantified using a numerical general equilibrium
model which incorporates increasing returns to scale, 24 regions, 22 commodities, and …