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Persistent link: https://www.econbiz.de/10005247056
This paper estimates the factor elasticity of substitution of the aggregate production function and then uses these estimates to resolve two puzzles relating to the Euro Area. The paper is novel in three ways: First it uses the CES production technology in the empirical strategy to understand...
Persistent link: https://www.econbiz.de/10005247233
Persistent link: https://www.econbiz.de/10005205838
Persistent link: https://www.econbiz.de/10005171465