Technical change and the elasticity of factor substitution

Jürgen Antony

This paper addresses the relationship between technical change and the elasticity of substitution between factors of production. It is shown how the elasticity within a CES production setting can change due to technical change. Technical change is interpreted in the spirit of horizontal differentiation as in many growth models. Cases for positive and negative returns to differentiation are analyzed which can be understood as progress or complexity congestions. It is shown how the elasticity changes due to technical choices for each of them.

MoreLess

Year of publication:	2014
Authors:	Antony, Jürgen
Publisher:	Pforzheim : Hochsch.
Subject:	Elasticity of substitution \| CES production function \| Inequality \| Faktorsubstitution \| Factor substitution \| Substitutionselastizität \| CES-Produktionsfunktion \| Technischer Fortschritt \| Technological change \| Produktionsfunktion \| Production function \| Theorie \| Theory

freely available

Full text |

More access options

nbn-resolving.org

opus-hspf.bsz-bw.de

d-nb.info

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	Online-Ressource (15 S.) graph. Darst.
Series:	Beiträge der Hochschule Pforzheim. - Pforzheim : Hochschule, ZDB-ID 2570255-5. - Vol. 147
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/97567 [Handle]
Classification:	E23 - Production ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; F41 - Open Economy Macroeconomics ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; Mikroökonomie
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010356689