mark-ups and the technology parameters of the production function. The model has been applied to euro area data from the … 1970s assuming that the underlying production function is either CES or Cobb-Douglas. Estimation results support the Cobb … profit margins and sectoral production shares. We also produce estimates of potential output and the output gap conditional …

Output gaps for ten European countries and the USA are estimated based on a CES production function with input …-augmenting technological progress gives insight into the driving forces of growth. -- output gap ; potential output ; CES production function …

This paper follows Jones (2005) in his approach to deriving the global production function from microfoundations. His …-augmenting developments. Using the Clayton copula family to capture this dependence, we derive a Clayton-Pareto class of production functions … that nests both the Cobb-Douglas and the CES. Embedding the resultant production function in a neoclassical growth …