Willenbockel, Dirk - In: Applied Economics Letters 6 (1999) 9, pp. 589-591
This letter points out that the problems Senhadji (Applied Economics Letters, 4, 23-5, 1997) attributes to the use of the Armington aggregator in CGE models do not arise, provided that applied modellers employ the calibration procedure for CES function parameters frequently described in the...