Skip to Main Content
Table 7

Cross-price elasticities

With marginal price
With average price
MKWMLWMSWMWKMWLMWSMKWMLWMSWMWKMWLMWS
Aggregate 0.001*** 0.001*** 0.0008*** 0.06*** 0.31*** 0.49*** 0.001*** 0.001*** 0.001*** 0.05*** 0.25*** 0.69*** 
Manufacturing −0.0001 0.001 −0.0001 −0.01 0.68 −0.16 −0.001 0.0005 0.0008*** −0.06 0.25 0.74*** 
Construction 0.0005 0.002** −0.001* 0.20 5.67** −5.29* 0.0027 0.0025*** −0.001** 0.46 2.49*** −2.02** 
Services 0.001*** 0.001*** 0.001*** 0.05*** 0.26*** 0.57*** 0.001*** 0.001*** 0.002*** 0.04*** 0.19*** 0.77*** 
Subsectors:             
M1 −0.02 0.01** −0.002 −0.21 1.41** −0.58 −0.02 0.008*** −0.0009 −0.16 1.15*** −0.26 
M2 0.01 0.0005 −0.002 1.76 0.76 −4.07 0.02 −0.001 0.0004 1.35 −1.00 0.56 
M3 0.0002 0.0009 −0.0005 0.02 1.14 −1.13 0.0003 0.0001 0.0008 0.02 0.11 0.91 
M4 −0.002 0.005 −0.002 −0.04 0.98 −1.45 −0.05** −0.01 0.008** −1.08** −1.89 4.37** 
M5 0.005 −0.0006 0.0007 0.31 −0.33 0.76 −0.002 −0.003 0.003 −0.09 −1.28 2.24 
M6 −0.01 0.006 −0.003 −0.47 3.73 −2.82 −0.005 0.004 0.00004 −0.16 1.79 0.03 
M7 0.005 0.001 −0.0005 0.45 1.30 −0.90 0.005 0.0005 0.0003 0.30 0.35 0.35 
M8 −0.003 0.003 −0.002 −0.61 8.03 −10.22 0.007 −0.004 0.002 0.74 −5.53 4.77 
M9 −0.004 0.002 −0.0001 −0.32 1.60 −0.23 −0.003 0.001 0.0002 −0.20 1.10 0.32 
M10 0.01 0.005 −0.003 1.03 4.77 −5.68 0.02 0.001 −0.001 1.00 0.92 −1.63 
M11 0.003 0.00001 −0.0002 0.47 0.02 −0.68 −0.0009 0.0007 0.0001 −0.07 0.70 0.30 
S13 −0.0001 0.0008 0.0002 −0.005 0.36 0.41 −0.0001 0.0004 0.0007*** −0.003 0.15 0.84*** 
S14 −0.005 0.003 −0.0003 −0.15 1.09 −0.21 0.001 0.003 0.0002 0.04 0.72 0.14 
S15 0.007 0.005*** 0.004*** 0.03* 0.35*** 0.52*** 0.007 0.005*** 0.005*** 0.03 0.37*** 0.60*** 
S16 0.003 0.0003 0.0001 0.23 0.35 0.24 0.01 −0.002 0.003 0.57 −1.38 2.91 
S17 −0.002 −0.0003 0.003 −0.42 −0.41 3.71 0.009 −0.0009 −0.004 1.22 −0.58 −2.43 
S18 0.002** −0.002 0.003 0.54** −0.45 1.16 0.02*** −0.0009 0.003** 0.43*** −0.18 0.82** 
S19 0.0009 0.00004 0.0001 0.16 0.09 1.16 −0.002 −0.00004 0.001 −0.16 −0.04 1.28 
S20 0.0006 0.001 −0.002 0.09 1.61 −2.01 0.003 −0.0005 0.002 0.21 −0.46 1.30 
S21 0.002 0.0009 0.0004 0.06 0.59 0.20 0.0005 0.001* 0.0009 0.009 0.63* 0.33 
S22 0.0001 0.003*** 0.0008 0.002 0.62*** 0.21 0.002 0.002 0.003 0.02 0.43 0.55 
S23 0.008 0.003*** 0.005** 0.06 0.23 0.68** 0.007 0.003 0.006*** 0.05 0.16 0.75*** 
S24 −0.003 0.004** 0.002 −0.02 0.56** 0.32 0.0001 0.002 0.004* 0.0008 0.32 0.53* 
With marginal price
With average price
MKWMLWMSWMWKMWLMWSMKWMLWMSWMWKMWLMWS
Aggregate 0.001*** 0.001*** 0.0008*** 0.06*** 0.31*** 0.49*** 0.001*** 0.001*** 0.001*** 0.05*** 0.25*** 0.69*** 
Manufacturing −0.0001 0.001 −0.0001 −0.01 0.68 −0.16 −0.001 0.0005 0.0008*** −0.06 0.25 0.74*** 
Construction 0.0005 0.002** −0.001* 0.20 5.67** −5.29* 0.0027 0.0025*** −0.001** 0.46 2.49*** −2.02** 
Services 0.001*** 0.001*** 0.001*** 0.05*** 0.26*** 0.57*** 0.001*** 0.001*** 0.002*** 0.04*** 0.19*** 0.77*** 
Subsectors:             
M1 −0.02 0.01** −0.002 −0.21 1.41** −0.58 −0.02 0.008*** −0.0009 −0.16 1.15*** −0.26 
M2 0.01 0.0005 −0.002 1.76 0.76 −4.07 0.02 −0.001 0.0004 1.35 −1.00 0.56 
M3 0.0002 0.0009 −0.0005 0.02 1.14 −1.13 0.0003 0.0001 0.0008 0.02 0.11 0.91 
M4 −0.002 0.005 −0.002 −0.04 0.98 −1.45 −0.05** −0.01 0.008** −1.08** −1.89 4.37** 
M5 0.005 −0.0006 0.0007 0.31 −0.33 0.76 −0.002 −0.003 0.003 −0.09 −1.28 2.24 
M6 −0.01 0.006 −0.003 −0.47 3.73 −2.82 −0.005 0.004 0.00004 −0.16 1.79 0.03 
M7 0.005 0.001 −0.0005 0.45 1.30 −0.90 0.005 0.0005 0.0003 0.30 0.35 0.35 
M8 −0.003 0.003 −0.002 −0.61 8.03 −10.22 0.007 −0.004 0.002 0.74 −5.53 4.77 
M9 −0.004 0.002 −0.0001 −0.32 1.60 −0.23 −0.003 0.001 0.0002 −0.20 1.10 0.32 
M10 0.01 0.005 −0.003 1.03 4.77 −5.68 0.02 0.001 −0.001 1.00 0.92 −1.63 
M11 0.003 0.00001 −0.0002 0.47 0.02 −0.68 −0.0009 0.0007 0.0001 −0.07 0.70 0.30 
S13 −0.0001 0.0008 0.0002 −0.005 0.36 0.41 −0.0001 0.0004 0.0007*** −0.003 0.15 0.84*** 
S14 −0.005 0.003 −0.0003 −0.15 1.09 −0.21 0.001 0.003 0.0002 0.04 0.72 0.14 
S15 0.007 0.005*** 0.004*** 0.03* 0.35*** 0.52*** 0.007 0.005*** 0.005*** 0.03 0.37*** 0.60*** 
S16 0.003 0.0003 0.0001 0.23 0.35 0.24 0.01 −0.002 0.003 0.57 −1.38 2.91 
S17 −0.002 −0.0003 0.003 −0.42 −0.41 3.71 0.009 −0.0009 −0.004 1.22 −0.58 −2.43 
S18 0.002** −0.002 0.003 0.54** −0.45 1.16 0.02*** −0.0009 0.003** 0.43*** −0.18 0.82** 
S19 0.0009 0.00004 0.0001 0.16 0.09 1.16 −0.002 −0.00004 0.001 −0.16 −0.04 1.28 
S20 0.0006 0.001 −0.002 0.09 1.61 −2.01 0.003 −0.0005 0.002 0.21 −0.46 1.30 
S21 0.002 0.0009 0.0004 0.06 0.59 0.20 0.0005 0.001* 0.0009 0.009 0.63* 0.33 
S22 0.0001 0.003*** 0.0008 0.002 0.62*** 0.21 0.002 0.002 0.003 0.02 0.43 0.55 
S23 0.008 0.003*** 0.005** 0.06 0.23 0.68** 0.007 0.003 0.006*** 0.05 0.16 0.75*** 
S24 −0.003 0.004** 0.002 −0.02 0.56** 0.32 0.0001 0.002 0.004* 0.0008 0.32 0.53* 

Note: *, **, *** indicate statistical significance at the 10, 5 and 1% level.

Close Modal

or Create an Account

Close Modal
Close Modal