A simple method of estimating price elasticities in international trade

  • Clements K
  • Theil H
  • 3


    Mendeley users who have this article in their library.
  • 19


    Citations of this article.


The differential production theory approach is applied to world trade matrices of 1971 and 1975, which yields a price elasticity estimate of the demand for foreign food of about -0.7. The elasticity estimates for raw material and manufactures are both between -0.3 and -0.4. © 1978.

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document


  • Kenneth W. Clements

  • Henri Theil

Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free