منابع مشابه
Economic Growth and the CES Production Function with Human Capital
Employing a neoclassical growth model with a constant elasticity of substitution production function, we develop a comparative static and dynamic analysis of the effects of the elasticity of substitution between inputs on the steady state growth path, growth threshold, speed of convergence and savings rates. Unlike earlier studies along these lines, we incorporate human capital, along with phys...
متن کاملProduction Functions Having the Ces Property
To what measure does the CES (constant elasticity of substitution) property determine production functions? We show that it is not possible to find explicitly all two variable production functions f(x, y) having the CES property. This slightly generalizes the result of R. Sato [16]. We show that if a production function is a quasi-sum then the CES property determines only the functional forms o...
متن کاملThe Calibration of CES Production Functions
This note addresses some issues that arise when using “normalized” CES production functions, an approach that has become popular in the literature. The results of Klump and de La Grandville (2000) provide a simple way to calibrate the parameters of the CES production function when the necessary data are available. But some of the other applications of normalized CES production functions appear ...
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This note focuses on estimating the quantile function based on the kernel smooth estimator under a truncated dependent model. The Bahadurtype representation of the kernel smooth estimator is established, and from the Bahadur representation it can be seen that this estimator is strongly consistent.
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We give an elementary derivation of the entropy production formula of [JP1]. Using this derivation we show that the entropy production of any normal, stationary state is zero.
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ژورنال
عنوان ژورنال: The Review of Economic Studies
سال: 1964
ISSN: 0034-6527
DOI: 10.2307/2296200