Year of Graduation
Substitution Elasticities and Country Size
Double degree programme in Economics of the NRU HSE and the University of London
This paper is dedicated to the analysis of the concept of substitution elasticity. Different studies relevant to the concept are reviewed in order to obtain a model which would explain the dependence of the substitution elasticity on the size of the country for which the elasticity is calculated. The regression analysis is used to verify this dependence.