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The Federal Planning Bureau (FPB) is an independent public agency. It draws up studies and projections on economic, social and environmental policy issues and on the integration of these policies within a context of sustainable development.
This paper estimates the Armington elasticity for the Belgian economy for different levels of (dis)aggregation. At a highly disaggregated level covering about 4,500 HS products, the estimated value of the elasticity ranges from 1.12 to 70.69. Across CPA product groups, the value of the elasticity ranges from 2.40 to 16.63. The corresponding aggregate elasticity ranges from 1.98 to 2.48.
As part of the 2024 costing of electoral platforms, the QUEST III R&D dynamic stochastic general equilibrium model will be used to simulate the long-term effects of structural and (para-)fiscal measures proposed by the political parties. This paper summarises the characteristics of the model, presents its structure and the main transmission mechanisms and constraints. The functioning of the model is then illustrated through five stylised structural and (para-)fiscal reforms.
This article presents estimates of mark-ups in different industries within the Belgian market sector over the periods 1997-2008 and 2009-2020. The mark-up allows to evaluate the intensity of competition in a sector. Our results show that, on average, competition is weaker in services than in manufacturing. Within manufacturing, there is little variation across sectors and over time. Within services, mark-up variations are more pronounced.
Federal Planning Bureau
