The elasticity of substitution and labor-saving innovations in the Spanish regions

Antonio Cutanda

This paper performs a nonlinear estimation of a normalized CES production function within a system of equations with a panel of Spanish regions for the period 1964-2013. It obtains an elasticity of substitution below one and identifies different rates of factor-augmenting technical progress. The results support for labor-saving innovations hypothesis for the Spanish case. Nevertheless, they do not support a relationship between the elasticity of substitution and the initial regional capital per worker. The results do not change if labor is adjusted by human capital.

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Alternative title:	La elasticidad de sustitución y las innovaciones ahorradoras de trabajo en las regiones españolas
Year of publication:	2022
Authors:	Cutanda Tarin, Antonio
Subject:	Production function \| CES \| normalization \| regional data \| Produktionsfunktion \| Substitutionselastizität \| Elasticity of substitution \| Spanien \| Spain \| Innovation \| Theorie \| Theory \| Schätzung \| Estimation \| CES-Produktionsfunktion \| CES production function \| Räumliche Verteilung \| Spatial distribution

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	hdl:10419/285096 [Handle]
Classification:	C33 - Models with Panel Data ; E23 - Production ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	ECONIS - Online Catalogue of the ZBW

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