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IMPORT DEMAND FOR THE UNITED STATES: A TRANSLOG COST FUNCTION ANALYSIS

This paper examines the role of imports as an alternative input to domestically supplied capital and labor in the U. S. economy for the period 1970-1993. We use the aggregate translog cost function, which permits us to obtain econometric measures of the pair-wise elasticities of substitution between inputs for each year, the annual own- and cross-price
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