-founded long-run economic growth model with normalized CES technology and endogenous labor- and capital-augmenting technical change … substantial medium-run swings. We explore the extent to which these empirical regularities can be explained by a calibrated micro …

results in many cases. In this paper we analyse a general equilibrium framework with CES production and CES demand functions … economic interpretations. This permits to solve the cases classified as ambiguous in the existing literature and provides clear …-cut conditions which are important for modelling and empirical research. Furthermore, the results are interpreted with respect to …

The Constant Elasticity of Substitution (CES) function is popular in several areas of economics, but it is rarely used … existing approaches and propose a new grid-search approach for estimating the traditional CES function with two inputs as well … as nested CES functions with three and four inputs. Furthermore, we demonstrate how these approaches can be applied in R …

We argue against the use of composite indices, such as the Human Development Index (HDI), in economic history. We show … where both data and history play a minor role, if any. …

. Based on macro data over 17 years, using the Bayesian non-linear regression method through the Metropolis-Hastings algorithm … and Gibbs sampling, the author specified individual Constant elasticity of substitution (CES) functions for the researched … research revealed that out of the 15 studied NEST economies, the nine that have probably generated endogenous growth have …

This paper performs a nonlinear estimation of a normalized CES production function within a system of equations with a …

The constant elasticity of substitution (CES) function is widely used to model distributional preferences in modified … applications. We constructed a model to address this issue by combining two formulations of the CES function. We demonstrated that … interpretations of the standard CES function parameters for describing distributional preferences are inappropriate. Notably, "the …

substitution (CES) utility function in Inukai, Shimodaira, and Shiozawa (2022, ISER DP No.1195). However, the relationships between … the extended CES parameters and the external measurements are yet unrevealed. To explore these empirical properties of the … extended CES utility function, in this paper we construct an online experiment of Amazon Mechanical Turk workers using a …