Results 1 to 10 of about 151,232 (287)
Endogenous Aggregate Elasticity of Substitution [PDF]
Journal of Economic Dynamics and Control, 2007 In the literature studying aggregate economies the aggregate elasticity of substitution (AES) between capital and labor is often treated as a constant or “deep” parameter. This view contrasts with the conjecture put forward by Arrow et al.
Chris Papageorgiou, Kaz Miyagiwa
core +3 more sources
Is the elasticity of intertemporal substitution constant? [PDF]
Journal of the European Economic Association, 2011 This paper shows that a power utility specification of preferences over total expenditure (ie. CRRA preferences) implies that intratemporal demands are in the PIGL/PIGLOG class.
Hamish Low, Thomas Crossley
core +3 more sources
Estimating the substitution elasticities of import of factory industries using micro data and comparing long-term and short-term elasticities. [PDF]
پژوهشهای برنامه و توسعه, 2021 Estimating the substitution elasticity of imported products is a key parameter for analyzing trade policies, especially trade integration issues. In general, this elasticity represents the intensity of the impact of import demand on domestic demand from ...
Mehdi Yazdani, Mina Sadeghi
doaj +1 more source
A novel method for calculating the contribution rates of economic growth factors
AIMS Mathematics, 2023 The common production functions include the Leontief production function, the Cobb-Douglas (C-D) production function, the constant elasticity of substitution (CES) production function, the variable elasticity of substitution (VES) production function and
Maolin Cheng, Bin Liu
doaj +1 more source
The human factor in Argentine agriculture
Estudios Económicos, 2021 The objective of this paper is to identify determinants of the reductions in the use of labor observed in Argentine agriculture. The paper focuses on the 2002-2018 period, using data from the last two publications of the Censo Nacional Agropecuario (the ...
Marcos Gallacher
doaj +1 more source
Gasto público en salud, crecimiento económico y elasticidad de sustitución: resultados para la economía española 1985-2003 [PDF]
Lecturas de Economía, 2009 This paper analyzes the effect that government expenditure on health has on economic growth by estimating the elasticity of substitution for a CES production function in the Spanish economy during the period 1985-2003.
Miguel Muñoz, Jesús López Rodríguez
doaj +5 more sources
Macroeconomic Growth in Vietnam Transitioned to Market: An Unrestricted VES Framework
Economies, 2020 The Vietnamese economy has increased at high speed over the transformation decades; however, most recent studies on the economic growth of this country used the Cobb-Douglas or CES (Constant Elasticity of Substitution) production functions, which are ...
Nguyen Ngoc Thach
doaj +1 more source
Isoelastic Elasticity of Substitution Production Functions [PDF]
SSRN Electronic Journal, 2015 We generalize the normalized constant elasticity of substitution (CES) production function by allowing the elasticity of substitution to vary isoelastically with (i) the relative factor share, (ii) the marginal rate of substitution, (iii) the capital–labor ratio, (iv) the capital share, (v) the capital’s rate of return, or (vi) the capital–output ratio.
Jakub Growiec, Jakub Mućk
openaire +4 more sources
Constant elasticity of substitution function based RANSAC for image stitching [PDF]
MATEC Web of Conferences, 2021 Feature matching is very important in image stitching. RANSAC algorithm is a representative algorithm for feature matching. However, RANSAC still has many shortcomings such as a large number of iterations, a large computational complexity and cannot ...
Zhuang Shengbin, Cao Lin, Guo Yanan
doaj +1 more source
Monopolist’s mark-up and the elasticity of substitution
Croatian Operational Research Review, 2017 This paper analyzes the mark-up of the price of a product over marginal costs for a monopolist using Appelbaum’s theoretical model. The profit maximization model of an industry that uses the monopolist’s product as its input is formulated. Our goal is to
Ilko Vrankić +2 more
doaj +1 more source