Answers to various questions of applied macroeconomics depend on the valuesgiven to elasticities of substitution between the demands for factors, these demands beingaggregated across productive sectors. Such elasticities reflect not only substitutabilities withinproductive sectors, but also...

Answers to various questions of applied macroeconomics depend on the values given toelasticities of substitution between the demands for factors, these demands being aggregatedacross productive sectors. Such elasticities reflect not only substitutabilities within productiveprocesses, but also...