. Parameter estimation relies on the Full Information Maximum Likelihood (FIML) approach and uses bilateral price data for 1965 …

This paper investigates whether the elasticity of demand systematically changes from one importer country to another in … an international trade context. Evidence from U.S. exports supports this view by suggesting that the elasticity of demand … to the U.S. of the importer country. In terms of policy implications, using a common elasticity measure would …

in elasticities: the income elasticity for imports being larger than the income elasticity for exports. Such …. First, the income elasticity for U.S. exports of services is significantly greater than the income elasticity for U …

low price elasticities. Furthermore, estimation results strongly depend on the observation period. Minor variations in the … estimation period typically lead to insignificant price terms often displaying the wrong sign. Based on an extensive econometric …. The corresponding activity elasticity is clearly below 1 and the price elasticity is highly significant. Changes in the …