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Elasticities of Substitution for the Japanese Imports
The Review of Economics and Statistics, 1972Although lack of price data on beer for the past decade makes prediction impossible, we note that from 1962 to 1969 per adult beer consumption increasec1 by 16 per cent (USBA, 1970, p. 59) while real, per capita income rose by 27 per cent. Assuming stable real prices for beer, the implied income elasticity is 0.59.
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Reconciling Alternative Estimates of the Elasticity of Substitution
The Review of Economics and Statistics, 1976A large number of econometric studies have focused on possibilities for capital-labor substitution in U.S. manufacturing. The evidence, however, indicates substantial disagreement over the value of the elasticity of substitution (cr). Studies based on cross-sectional data provide estimates which are quite close to unity, but time series studies ...
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The Elasticity of Elasticity of Substitution Estimates: Is Anything Robust?
SSRN Electronic Journal, 2007We use a CES production function with no restrictions on technical bias to derive relationships between the growth in relative factor shares and (i) the capital to labor ratio and (ii) the ratio of marginal products. These relationships constitute a parsimonious specification used to identify the elasticity of substitution between labor and capital (σ).
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European Journal of Operational Research, 2019
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zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Elasticities of substitution in Caribbean tourism
Journal of Development Economics, 1988Abstract This paper constructs a three-level CES model and estimates the effect of real exchange rates on competition for tourism earnings. Elasticities of substitution are estimated, first intra-Caribbean, then among regional aggregates. A worldwide and a U.S. market are both estimated. U.S.
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Estimates of Substitution Elasticities in Agriculture
SSRN Electronic Journal, 2013The paper estimates substitution elasticity between labor and capital in a constant elasticity of substitution (CES) production function for agriculture of seven major producers. I adopt the normalized system approach suggested by Leon-Ledesma et al. (2010) and the data from World Input-output Database (WIOD) to study to what extent time period matters
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Entropy and diminishing elasticity of substitution
Resources Policy, 1999Abstract In the debate over sustainable development and limits to growth, one critical issue has to do with substitutability. ‘Weak’ sustainability as the ability to maintain a generalized capacity to produce is described by Pearce, D.W., Atkinson, G.D., Dubourg, W.R., 1994. The economics of sustainable development. In: Socolow, R.H.
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Elasticity of Substitution and Antidumping Measures [PDF]
Abstract This paper analyzes the role of the elasticity of substitution for anti-dumping decisions across countries. In monopolistic competition models with cost heterogeneous firms across countries, price differences vary inversely with the elasticity of substitution.
Drud Hansen, Jørgen +2 more
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ELASTICITY OF SUBSTITUTION AGAIN: SUBSTITUTES AND COMPLEMENTS
Oxford Economic Papers, 1970openaire +1 more source

