McAdam, Peter (contributor); Willman, Alpo (contributor) - 2008
growth theory has tended to be the Cobb-Douglas production function whose elasticity of
substitution between capital and … Elasticity of Substitution (CES) function and
hint at the importance of biases in technical change. In models of biased ….
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In a not un-related vein, Krusell et al (2000) suggest that the elasticity of substitution between capital and …