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This paper investigates the expenditure patterns of South African households using detailed cross-sectional expenditure and price data. Linear expenditure system (LES) parameter estimates are used to calculate income and price elasticities for a number of product categories at different points...
Persistent link: https://www.econbiz.de/10011418647
This paper uses normalized constant elasticity of substitution production functions to estimate the elasticity of substitution and labour-augmenting technical change in South Africa over the period 1994-2012. We find elasticities of 0.6-0.9 and positive labour-augmenting technical change, which...
Persistent link: https://www.econbiz.de/10011418654
Persistent link: https://www.econbiz.de/10014329043
Persistent link: https://www.econbiz.de/10012879763
This paper uses normalized constant elasticity of substitution production functions to estimate the elasticity of substitution and labour-augmenting technical change in South Africa over the period 1994-2012. We find elasticities of 0.6-0.9 and positive labour-augmenting technical change, which...
Persistent link: https://www.econbiz.de/10011345030
This paper investigates the expenditure patterns of South African households using detailed cross-sectional expenditure and price data. Linear expenditure system (LES) parameter estimates are used to calculate income and price elasticities for a number of product categories at different points...
Persistent link: https://www.econbiz.de/10011345034
Persistent link: https://www.econbiz.de/10013166951