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This paper addresses the relationship between technical change and the elasticity of substitution between factors of … production. It is shown how the elasticity within a CES production setting can change due to technical change. Technical change … elasticity changes due to technical choices for each of them. …
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This paper develops a new method for estimating production-function parameters that can be applied in differentiated-product industries with endogenous quality and variety choice. We take advantage of data on physical quantities of outputs and inputs from the Colombian manufacturing survey,...
Persistent link: https://www.econbiz.de/10013249733
This paper develops a new method for estimating production-function parameters that can be applied in differentiated-product industries with endogenous quality and variety choice. We take advantage of data on physical quantities of outputs and inputs from the Colombian manufacturing survey,...
Persistent link: https://www.econbiz.de/10013251551
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-Verdoorn coefficient is jointly determined by the elasticity of factor substitution, labor supply elasticity, the profit share and the …
Persistent link: https://www.econbiz.de/10012216005
This paper develops a new method for estimating production-function parameters that can be applied in differentiated-product industries with endogenous quality and variety choice. We take advantage of data on physical quantities of outputs and inputs from the Colombian manufacturing survey,...
Persistent link: https://www.econbiz.de/10014241949
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