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This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with … definition of the elasticity of substitution. …
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The main aim of this paper is to prove the existence of a new production function with variable elasticity of factor …
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variable elasticity of substitution (VES-W) framework that embodies a variable elasticity of substitution and a share parameter … variable elasticity of substitution. While the estimated structural parameters calibrate the actual output level and the …
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