Type of substitution elasticity

Notation

Value

Source

between domestic and imported goods

sdm

1.0 - 3.0

Cossa (2004)

between imported goods

smm

0.5 - 5.0

Cossa (2004)

between energy and non-energy (labor-capital bundle) inputs

e_kl

0.6 - 1.0

Cossa (2004)

between labor and capital

l_k

1.0

Cossa (2004)

between electricity and fossil energy bundle for the aggregated energy

noe_el

1.5

Expert elicitation

between fossil energy inputs for the fossil energy bundle

esube

1.0

Cossa (2004)

between conventional fossil generations

enesta

1.5

Cossa (2004)

between natural resource and other inputs

esup

0.3 - 0.5

Cossa (2004)

between wind power and other aggregated generation

elas_w

1.0 - 4.0

Expert elicitation

between solar power and other aggregated generation

elas_s

1.0 - 4.0

Expert elicitation