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Technical change and the elasticity of factor substitution
Antony, Jürgen - 2014
This paper addresses the relationship between technical change and the elasticity of substitution between factors of … production. It is shown how the elasticity within a CES production setting can change due to technical change. Technical change … elasticity changes due to technical choices for each of them. …
Persistent link: https://www.econbiz.de/10010356689
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The elasticity of factor substitution between capital and labor in the U.S. economy : a meta-regression analysis
Knoblach, Michael; Rößler, Martin; Zwerschke, Patrick - 2016
The elasticity of factor substitution between capital and labor is a crucial parameter in many economic fields. However …, we estimate a long-run elasticity in the range of 0.6 to 0.7. For all estimated elasticities the hypothesis of a Cobb …
Persistent link: https://www.econbiz.de/10011541283
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Growth with perfect capital movements in CES : US debt dynamics and model estimation
Ziesemer, Thomas - 2005
Persistent link: https://www.econbiz.de/10003285879
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Production functions for climate policy modeling : an empirical analysis
Van der Werf, Edwin (contributor) - 2007
Quantitative models for climate policy modeling differ in the production structure used and in the sizes of the elasticities of substitution. The empirical foundation for both is generally lacking. This paper estimates the parameters of two-level CES production functions with capital, labour and...
Persistent link: https://www.econbiz.de/10003429544
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Sectoral technology and structural transformation
Herrendorf, Berthold; Herrington, Christopher; … - 2012
functions with equal capital shares (which by construction abstract from differences in the elasticity of substitution and in …-Douglas production function ; structural transformation ; elasticity of substitution …
Persistent link: https://www.econbiz.de/10009670719
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Estimation of sectoral elasticities of substitution along the international technology frontier
Baccianti, Claudio - 2013
Sectoral heterogeneity is crucial to address several economic questions. This paper provides a detailed mapping of sectoral production possibility frontiers, using different nesting structures and levels of aggregation (primary, secondary, tertiary activities and energy-intensive firms)....
Persistent link: https://www.econbiz.de/10010204241
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The Estimation of Elasticity of Substitution of CES Production Function
Miklosovic, Tomas - 2011
In this article the elasticity of substitution of CES production function is estimated for selected production sectors …
Persistent link: https://www.econbiz.de/10013123163
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Energy-Saving Technical Change
Hassler, John - 2014
We estimate an aggregate production function with constant elasticity of substitution between energy and a capital …
Persistent link: https://www.econbiz.de/10013065268
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How constant is constant elasticity of substitution? : endogenous substitution between clean and dirty energy
Jo, Ara; Miftakhova, Alena - 2022
optimal environmental policy. Despite the importance, a constant and exogenous elasticity of substitution has been a dominant … theoretical approach. We challenge this assumption by developing a dynamic general equilibrium model with an endogenous elasticity …
Persistent link: https://www.econbiz.de/10013162794
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How sectoral technical progress and factor substitution shaped Japan's structural transformation?
Manu, Ana-Simona - 2022
factors and sectors, but also heterogeneity in the sectoral elasticity of substitution between capital and labor. The fact …
Persistent link: https://www.econbiz.de/10012818759