The Armington Model

Lloyd, Peter; Zhang, Xiao-Guang

doi:10.2139/ssrn.883565

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The Armington Model

Productivity Commission Staff Working Paper

42 Pages Posted: 22 Feb 2006

See all articles by Peter Lloyd

Peter Lloyd

University of Melbourne - Department of Economics

Xiao-Guang Zhang

Government of the Commonwealth of Australia - Productivity Commission

Date Written: January 2006

Abstract

A Productivity Commission Staff Working Paper, The Armington Model, by Peter Lloyd and Xiao-guang Zhang was released on 8 February 2006, in conjunction with an additional staff working paper, Armington Elasticities and Terms of Trade Effects in Global CGE Models.

The paper explores how models adopting the Armington formulation differ from traditional models, in their quantitative properties and underlying theory of trade. In publishing its research in this area, the Commission hopes to clarify issues that arise as single-country and global trade models are increasingly used to assess the potential impacts of various types of trade liberalisation.

The views expressed in this paper are those of the staff involved and do not necessarily reflect those of the Productivity Commission.

Keywords: Australia, Armington elasticities, Computable general equilibrium (CGE), Elasticities, Heckscher-Ohlin model, Terms of trade, Trade, Trade policy

Suggested Citation: Suggested Citation

Lloyd, Peter John and Zhang, Xiao-Guang, The Armington Model (January 2006). Productivity Commission Staff Working Paper, Available at SSRN: https://ssrn.com/abstract=883565 or http://dx.doi.org/10.2139/ssrn.883565