English, Article edition: European Integration and Production in the French Economy Lila J. Truett; Dale B. Truett

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Bookmark: http://trove.nla.gov.au/version/184843
Physical Description
  • article
Language
  • English

Edition details

Title
  • European Integration and Production in the French Economy
Author
  • Lila J. Truett
  • Dale B. Truett
Physical Description
  • article
Notes
  • Effects of greater European integration on the French economy are explored with an aggregate cost function. Input direct price elasticities are inelastic, but greatest (absolute value) for capital and lowest for imports. Cross-price elasticities suggest inputs are substitutes and are higher for domestic inputs than domestic input and imports pairs. As trade restrictions fall, effects on domestic input demand may increase as substitution elasticities rise. Inverse output supply price elasticities indicate domestic input prices are relatively important factors affecting consumption goods prices and import prices more important for investment goods. Thus, import price decreases may stimulate investment and growth. (JEL "F14", "O10", "O12") Copyright 2005 Western Economic Association International.
  • RePEc:bla:coecpo:v:23:y:2005:i:2:p:304-316
Language
  • English
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