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Table 2 Elasticity of trade flow in tonnes in random effects model if the GDP increases (by 1%) and population remains constant

From: Modelling production-consumption flows of goods in Europe: the trade model within Transtools3

Product type

Elasticity

0 Agricultural prod. & live animals

0.79

1 Foodstuffs and animal fodder

0.86

2 Solid mineral fuels

0.27

3 Petroleum products

1.10

4 Ores and metal waste

0.46

5 Metal products

1.09

6 Crude and manufactured minerals

0.78

7 Fertilisers

−0.24

8 Chemicals

1.69

9 Machinery

1.45