OKAGAWA, Azusa; BAN, Kanemi - Graduate School of Economics, Osaka University - 2008
conclusions reached by these models depend on the size of the parameters specified. In particular, the substitution elasticities … empirical evidence gathered on the substitution elasticities. Unfortunately, in many instances, the lack of econometric analysis … to help improve the reliability of CGE models for climate policy. Our results show higher values for substitution …