scenario_simulation
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| scenario_simulation [2020/06/26 09:10] – matsz | scenario_simulation [2020/06/28 08:25] – matsz | ||
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| The following table shows the substitution elasticities used for the different product groups. Compared to most other studies, we opted for a rather elastic substitution between products from different origins, as agricultural products are generally more uniform then aggregated product groups, as they can be found e.g. in CGE models. | The following table shows the substitution elasticities used for the different product groups. Compared to most other studies, we opted for a rather elastic substitution between products from different origins, as agricultural products are generally more uniform then aggregated product groups, as they can be found e.g. in CGE models. | ||
| - | **Table 28: Substitution elasticities for the Armington CES utility aggregators** | + | **Table 28: Substitution elasticities for the Armington CES utility aggregators((A sensitivity analysis on those elasticities is given in section [[scenario simulation# |
| + | ** | ||
| ^Product (group) ^Substitution elasticity between domestic sales and imports | ^Product (group) ^Substitution elasticity between domestic sales and imports | ||
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| |Sugar| 12 | 12 | | |Sugar| 12 | 12 | | ||
| |All other products| 8 | | |All other products| 8 | | ||
| - | Source: own calculations((A sensitivity analysis on those elasticities is given in section [[scenario simulation# | + | Source: own calculations |
| There are some specific settings, such as a value of 2 for rice and the EU15, 2.5 respectively 5 for Japan to account for its specific tariff system, as well as some lower values for EU’s Mediterrean partner countries. | There are some specific settings, such as a value of 2 for rice and the EU15, 2.5 respectively 5 for Japan to account for its specific tariff system, as well as some lower values for EU’s Mediterrean partner countries. | ||
scenario_simulation.txt · Last modified: 2023/09/08 12:07 by massfeller