Nguyen Ngoc Thach - In: Journal of risk and financial management : JRFM 13 (2020) 2/21, pp. 1-17
Most studies in Vietnam use the Cobb-Douglas production function and its modifications for economic analysis. Extremely rigid presumptions are a main weak point of this functional form, particularly if the elasticity of factor substitution (ES) is equal to one, which hides the role of the ES for...