Mallick, Debdulal - In: Indian Growth and Development Review 5 (2012) 1, pp. 89-101
Purpose – Although the importance of the elasticity of substitution between capital and labour (σ) has been recognized … constant elasticity of substitution (CES) production function in both theoretical and empirical growth research. Originality …/value – This paper offers a new perspective on the elasticity of substitution between capital and labour due to its evaluation of …