Gilchrist, Simon (contributor); … - 2002 - [Elektronische Ressource]
“Investment, Capacity, and Output: A Putty-Clay Ap-
proach.” We appreciate the research assistance provided by Steven Sumner and … of operating capital, all capital goods
are used in production and that the short-run elasticity of output with respect … short-run
elasticity of output with respect to labor strictly less than that of the Cobb-Douglas
alternative. This result is …