ESTIMATION OF ELASTICITY OF SUBSTITUTION FOR VARIETIES IN INDUSTRIAL SECTOR IN JAPAN

• ISHIKURA Tomoki

  首都大学東京　都市環境学部

• IKEDA Keisuke

  首都大学東京　都市環境学部

Bibliographic Information

Other Title

• わが国の地域間交易における財部門内代替弾力性の推定

Abstract

Elasticity of substitution is a crucial parameter of spatial computable general equilibrium analysis. This paper estimates the parameters for 12 industrial sectors in Japan. The elasticity parameter is based on monopolistic competition concept used in new economic geography field. We apply three econometric methodologies, logged OLS, Poisson pseudo maximum likelihood and nonlinear least square, to Japanese inter-regional trade data. Although the estimated values show slight differences between the methodologies, the relationship of magnitude of the estimates among sectors are almost similar in all methodologies.

Journal

• Journal of Japan Society of Civil Engineers, Ser. D3 (Infrastructure Planning and Management)

  Journal of Japan Society of Civil Engineers, Ser. D3 (Infrastructure Planning and Management) 74 (5), I_37-I_42, 2018

  Japan Society of Civil Engineers

Keywords

• elasticity of substitution
• inter-regional trade
• spatial computable general equilibrium model

Details

• CRID: 1390564238061156736
• NII Article ID: 130007555426
• DOI: 10.2208/jscejipm.74.i_37
• ISSN: 21856540
• Web Site: https://www.jstage.jst.go.jp/article/jscejipm/74/5/74_I_37/_pdf
• Text Lang: ja
• Data Source:
  • JaLC
  • Crossref
  • CiNii Articles
  • KAKEN
• Abstract License Flag: Disallowed