Elasticity of Substitution in Post-Communist Economies

Social Capability, History and the Economies of Communist and Post-Communist States

It has been shown, for non-Communist developed and developing countries, that earlier development of agriculture, a dense population, and a state-level polity is associated with a higher income and more rapid economic growth in the late 20 Century. We investigate whether this was also the case for countries under Communism and for the same countries in transition to a market economy. Our findin...

Estimate of Armington substitution elasticity for fishery products in Iran

Abstract Nowadays, fishery and aquaculture products form an important fraction of the protein requirement and food of many people on the earth. The hike in prices of these essential products seems necessary owing to the increase in demand and consumption of these products in the country. The price transmission from the international market to the domestic market of tunas was  investigated in t...

Estimate of Armington substitution elasticity for fishery products in Iran

The price transmission from the international market to the domestic market of tunas was investigated in the present research. For this purpose, the elasticity of substitution between tuna imports with goods produced in Iran (Armington Elasticity) was calculated. Armington elasticity reflects a degree of substitution between commodities produced domestically and those produced abroad. A greater...

a Post - Communist Society

Elasticity of Intertemporal Substitution: An Investigation in Iran

We[1] present estimates of the Elasticity of Intertemporal Substitution (EIS) for Iranian households using synthetic cohort panels based on household micro-data. Results show significant difference with the common values used in Dynamic Stochastic General Equilibrium (DSGE) models which are originally based on estimated values for developed countries. We show that this difference has important ...