constant elasticity of substitution (CES) function
A Growth Framework Using the Constant Elasticity of Substitution Model
... production function is chosen to be the Constant Elasticity of Substitution (CES) ...Cobb-Douglas function cannot be used as a suitable model for some production technologies ...
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The World Financial Crisis in Brazil: Industry and Regional Economic Impacts
... The composition of consumption by product between domestic and imported is controlled by means of a constant elasticity of substitution (CES) function. The sectoral[r] ...
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COBB Douglas, Constant Elasticity of Substitution (CES) and Transcendental Logarithmic Production Functions in Non linear Type of Special Functions
... Cobb-Douglas, Constant Elasticity of substitution (CES) and transcendental logarithmic (known as Translog) production functions are the most frequently used nonlinear type of special ...
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The Welfare Comparison of Ad Valorem Tax and Specific Tax with Both Quality and Quantity Choice of a Consumer
... of substitution does not include the tax rate under an ad-valorem ...price function is linear and individual preference is expressed by the constant elasticity of the substitution ...
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Estimating Intertemporal and Intratemporal Substitutions When Both Income and Substitution Effects are Present: The Role of Durable Goods
... a constant) of nonhomotheticity in the relative demand function for durables by generalizing the constant-elasticity-of- substitution (CES) felicity ...the elasticity of ...
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The Elasticity of Substitution and Characteristics of New Investments
... the elasticity of substitution is not constant over time, but can vary to a large extent (Miyagiwa and Papageorgiou [5], Duffy and Papageor- giou [6], Pereira ...the CES-function, but ...
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Estimating the Constant Elasticity of Substitution Function of Rice Production The case of Vietnam in 2012
... of substitution parameters ( ρ , ) ...of substitution parameters is selected randomly and also guessed basing on the normal CES ...the elasticity of ...
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A Nonparametric Formula Relating the Elasticity of a Factor Demand to the Elasticity of Substitution
... production function and demonstrate that the formula is tri- vially satisfied in this special ...production function with two factors and constant returns to ...production function with more ...
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Capital Skill Complementarity: Does capital disaggregation matter?
... the elasticity of substitution between capital and unskilled labor is slightly higher than the elasticity of substitution between capital and skilled ...
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DSGE models for developing economies: an application to Morocco
... reaction function are set in a loose manner in order to cover a large parameter ...reaction function and compare it with the standard values found in the ...
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On the Estimation of Supply and Demand Elasticities of Agricultural Commodites
... The report provides a literature review on the topic of estimation of demand and supply elasticities. To this end, it starts the discussion by summarizing the main facets of production theory and consumer theory to ...
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The quest for growth in developing countries : an analysis of the effects of foreign aid on economic growth
... of constant saving rate is also at odds with reality; otherwise, for instance, a prior announcement of a looming huge increase in income taxes would have no impact on households savings ...
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Death to the Cobb Douglas Production Function? A Quantitative Survey of the Capital Labor Substitution Elasticity
... the elasticity of ...production function is not backed by the available ...an elasticity of one for capital-labor ...the elasticity across countries and industries, in a companion project we ...
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Elasticity of substitution and the slowdown of the Italian productivity
... In Saltari et al. (2012, 2013) we estimated a dynamic model of the Italian economy. The main result of those papers is that the weakness of the Ital- ian economy in the last two decades has been the total factor ...
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Elasticity of substitution and the slowdown of the Italian productivity
... Whereas the Cobb-Douglas allows the computation of only residually, a further advantage of the function is the possibility to decompose the . This decomposition can best be done if we come back to ...
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Crop diversification, economic performance and household’s behaviours Evidence from Vietnam
... distance function with respect to inputs are equal to cost shares and imply the importance of inputs in annual ...largest elasticity with a value of ...
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Constant elasticity of substitution functions for energy modeling in general equilibrium integrated assessment models:a critical review and recommendations
... include: i the extension of the status quo technology shares for future energy supply relying on fossil fuels with carbon capture, biomass and.. nuclear, ii monotonically increasing marg[r] ...
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The Morishima Gross elasticity of substitution
... Hotelling-Lau elasticity of substitution (HLES) (first formulated in Lau ...cost function with the profit function in the definition of of the ...gross elasticity of substitution ...
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The Home Market Effect under Constant Returns and Monopolistic Competition
... the elasticity of substitution of differenti- ated goods is high enough so that positive pure profits are small, the constant returns model can exhibit the ...
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Lowering CO2 emissions in the Swiss transport sector
... Each vehicle is characterized by a vehicle capital (called powertrain in Fig. 1) and a type of fuel used (refined oil, biofuel or electricity). The cost structure of each vehi- cle is calibrated from a bottom-up analysis ...
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