Chirinko, Robert S. - In: Journal of Macroeconomics 30 (2008) 2, pp. 671-686
Research on the elasticity of substitution between capital and labor - [sigma] - has been proceeding for 75 years. While there is clearly a strong case for the importance of [sigma] in the analysis of growth and other economic issues, much less agreement exists on the value of [sigma]. This...