Knoblach, Michael; Stöckl, Fabian - 2019
the elasticity of substitution between capital and labor. Our focus is on the two-input constant elasticity of … elasticity of substitution (AES) in a multi-sectoral framework and investigate its dependence on underlying sectoral elasticities … the effective elasticity of substitution (EES), which is typically estimated in empirical studies, is generally not an …