Affiliation:
1. Faculty of Economics Nihon Fukushi University Aichi Japan
2. School of Global Studies Chukyo University Aichi Japan
Abstract
AbstractBy fully accounting for the distinct tariff regimes levied on imported meat, we estimate substitution elasticities of Japan's two‐stage import aggregation functions for beef, chicken and pork. Although the regression analysis crucially depends on the price that consumers face, the post‐tariff price of imported meat depends not only on ad valorem duties but also on tariff rate quotas and gate price system regimes. The effective tariff rate is consequently evaluated by utilising monthly transaction data. To address potential endogeneity problems, we apply exchange rates that we believe to be independent of the demand shocks for imported meat. The panel nature of the data allows us to retrieve the first‐stage aggregates via time dummy variables, free of demand shocks, to be used as part of the explanatory variable and as an instrument in the second‐stage regression.
Funder
Japan Society for the Promotion of Science
Subject
Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)
Reference26 articles.
1. Estimating the Armington elasticity: The importance of study design and publication bias
2. BOJ. (2020)Corporate goods price index (CGPI) (2015 base) Bank of Japan. Available from:https://www.boj.or.jp/en/statistics/pi/cgpi_2015/index.htm/
3. Globalization and the Gains From Variety
4. e‐Stat. (2022)Portal site of official statistics of Japan. Available from:https://www.e‐stat.go.jp/en
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献