We examine inconsistencies and controversies related to the use of CES production functions in growth models. First, we show that not all variants of CES functions commonly used are consistently ...

In this note we provide a derivation of the Leontief production function from the CES Our derivation is in the same spirit as the derivation of the Cobb Douglas form.

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 ...