Papageorgiou, Chris; Saam, Marianne; Schulte, Patrick - 2013
nested CES production functions that allow to estimate a special case of this parameter: the elasticity of substitution … of substitution between clean and dirty production represents a crucial condition for green growth. Until now it has …Recently Acemolgu, Aghion, Bursztyn and Hemous (AER 2012) formulated a model in which a high macroeconomic elasticity …