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In our research we estimate the elasticity of substitution post-communist economies integrated in European Union. There are many approaches to estimate the production function coefficients as the elasticity of substitution. We argue that a frequency panel model is suitable econometric tool for...
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unrestricted VES (Variable Elasticity of Substitution) production function in a one-sector growth model of Vietnam, highlighted by … Vietnam shows that the model generates the possibility of endogenous economic growth; (2) the capital share tends to increase …, while the labour share faces a downward trend along with the development of Vietnam; (3) the VES is empirically proven …
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