@techreport{oai:ir.ide.go.jp:00048524,
 author = {Kim, Jiyoung and Nakano, Satoshi and Nishimura, Kazuhiko},
 month = {Apr},
 note = {application/pdf, IDP000665_001, The elasticity of substitution between foreign and domestic products, i.e., Armington elasticity, is measured by way of two-state calibration according to the temporally distant observations of the market shares, and associated price changes. Along with the sector-wise multifactor CES elasticity estimated using the linked input-output tables, we integrate domestic production of the two countries (Japan and the Republic of Korea) with bilateral trades and construct a bilateral general equilibrium model. Thereupon, we perform an economic assessment of trade liberalization between the two countries.},
 title = {Japan–Korea Trade Liberalization Revisited: The Role of Armington Elasticities},
 year = {2017}
}