Estimating the Trade Elasticity: A Structural VAR Approach
Estimating the Trade Elasticity: A Structural VAR Approach is a scholarly work, published in 2018 in ''SSRN Electronic Journal''. The main subjects of the publication include macroeconomics, econometrics, economic development, economics, international trade, and elasticity. The estimated trade elasticity measures are highly consistent with studies in alternative literatures, suggesting a short-run value of about 1 (after one quarter), a medium-run value of about 5 (after one year), and a long-run value of about 7 (after five years).