§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will publish in the Official Report details of the changes made since 1975 in the Treasury model for (a) price elasticities for imports and exports of manufactures and (b) domestic growth elasticities in the demand for imports and exports of (i) manufactures, (ii) oil and (iii) other goods.
§ Mr. Peter ReesDetails of the Treasury model, including the elasticities used in the imports and exports equations have been published periodically: the last occasion was in June 1984 in "H.M. Treasury Macroeconomic Model: Supplement to the 1982 Technical Manual". Previous editions of the model manual were published in May 1980 and November 1982. The equations in the model, including those for imports and exports, are updated from time to time in the light of recent data and research.