|
|
Armington elasticity |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Armington elasticityThe elasticity of substitution between products of different countries.Similar MatchesElasticityElasticityA measure of responsiveness of one economic variable to another -- usually the responsiveness of quantity to price along a supply or demand curve -- comparing percentage changes (%D) or changes in logarithms (d ln). The arc elasticity of x with respect to y is e = %Dx/%Dy. The point elasticity is e = d lnx/d lny = (y/x)(dx/dy). Demand elasticityDemand elasticityNormally the price elasticity of demand. References to other elasticities of demand, such as the income elasticity are normally explicit. See import demand elasticity. Elasticity of demand for importsElasticity of demand for importsThis is normally the price elasticity of demand for imports of a country, either for a single industry or for the aggregate of all imports. The latter plays a critical role in determining how the country's balance of trade responds to the exchange rate. See Marshall-Lerner condition. Supply elasticitySupply elasticityThe elasticity of a supply function, usually with respect to price. Import demand elasticityImport demand elasticityThe elasticity of demand for imports with respect to price. Further SuggestionsPrice elasticityArc elasticity Cross elasticity Import elasticity Constant elasticity of substitution function Elasticity of demand for exports Point elasticity Income elasticity Elasticity of substitution |
|
|
|