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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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functions with equal capital shares (which by construction abstract from differences in the elasticity of substitution and in …-Douglas production function ; structural transformation ; elasticity of substitution …
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We estimate an aggregate production function with constant elasticity of substitution between energy and a capital …
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factors and sectors, but also heterogeneity in the sectoral elasticity of substitution between capital and labor. The fact …
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