Koteswara Rao Kadiyala, Production Functions and Elasticity of Substitution, Southern Economic Journal, Vol. 38, No. 3 (Jan., 1972), pp. 281-284 ...

Oxford Review of Economic Policy, Vol. 23, No. 1, THE SOLOW GROWTH MODEL (SPRING 2007), pp. 94-114 (21 pages) In this paper, we seek to re-establish the link between the constant elasticity of ...

This paper introduces in an otherwise standard real business cycle model a more general and data coherent class of production functions, namely a constant elasticity of substitution production ...

Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and ...

We estimate the upper-level elasticity of substitution between goods and services of a nested aggregate CES preference specification. We show how this elasticity can be derived from the long-run ...

The substitution effect is a function of economic price elasticity where consumers tend to demand more affordable goods if substitutes are available.