The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 16 Values of relevant parameters
Description of elasticity parameters | Value |
|---|---|
CES elasticity of substitution of composite labour | 0.2/1.2/2.5 |
CET elasticity of transformation between local sales and exports | 2 |
CES elasticity of substitution of composite commodity | 2 |
Income elasticity of Consumption across commodities | 0.7 |
Frisch parameter | − 1.5 |
Wage rate of formal regular labour (at the base level) | 1.2 |
Wage rate of informal regular labour (at the base level) | 1.1 |
Wage rate of casual labour (at the base level) | 1 |
Rental rate across sectors (at the base level) | 1 |
Price of local product (at the base level) | 1 |
Price elasticity of indexed transfers and parameters | 1 |
Exchange rate (at the base level) | 1 |
Export price (at the base level) | 1 |
World price of import (at the base level) | 1 |