Search Results - subject:"Substitution elasticity"

Distributional Effects of Growth and the Elasticity of Substitution

Saam, Marianne - 2004

Reforms that promote economic growth have also an impact on the distribution of capital and income. I consider the effect of a rise in the elasticity of substitution between capital and labor and understand it as liberalization. To evaluate its effects, the normalized CES functions by Klump and...

Persistent link: https://www.econbiz.de/10014070391

Long-Run Substitutability between More and Less Educated Workers : Evidence from U.S. States 1950-1990

Ciccone, Antonio; Peri, Giovanni - 2004

We estimate the aggregate long-run elasticity of substitution between more and less educated workers (the slope of the demand curve for more relative to less educated workers) at the US state level. Our data come from the (five) 1950-1990 decennial censuses. Our empirical approach allows for...

Persistent link: https://www.econbiz.de/10014070735

Factor substitution and factor augmenting technical progress in the US : a normalized supply-side system approach

Klump, Rainer - 2004

Persistent link: https://www.econbiz.de/10013434707

Commodity Rates of Interest and Intertemporal Substitution in Commodity Demand and Consumption

Kim, H. Youn - 2004

intertemporal substitution elasticity of consumption is derived from its constituent commodity demands. Evidence from estimation of …

Persistent link: https://www.econbiz.de/10014071393

The Morishima Elasticity of Substitution for the Variable Profit Function and the Demand for Imports in the United States

Sharma, Subhash Chandra - 2004

In this article, I derive expressions for the Morishima elasticities of substitution (MES) for the variable profit function and estimate these elasticities to shed some light on the substitutability between imports, capital services, and labor services. The results reveal that capital services...

Persistent link: https://www.econbiz.de/10014116142

Intertemporal Labor Supply and Human Capital Accumulation

Imai, Susumu; Keane, Michael P. - 2004

We solve and estimate a dynamic model that allows agents to optimally choose their labor hours and consumption and that allows for both human capital accumulation and savings. Estimation results and simulation exercises indicate that the intertemporal elasticity of substitution is much higher...

Persistent link: https://www.econbiz.de/10014072237

A parsimonious macroeconomic model for asset pricing : habit formation or cross-sectional heterogeneity? /Fatih Guvenen

Guvenen, Fatih - 2003

Persistent link: https://www.econbiz.de/10001854435

Substitution elasticities and investment dynamics in two-country business cycle models

Pakko, Michael Robert (contributor) - 2003 - [Elektronische Ressource]

tendency of the model to predict countercyclical trade balance dynamics. Assuming a low substitution elasticity, the model … Substitution Elasticity An important parameter governing the model’s implied dynamics is the elasticity of substitution between … foreign and domestic goods. The sensitivity of model dynamics to changes in the substitution elasticity has been noted in the …

Persistent link: https://www.econbiz.de/10001974859

Long-Run Industry-Level Estimates of U.S. Armington Elasticities

McDaniel, Christine A.; Gallaway, Michael P.; Rivera, … - 2003

A key relationship for trade policy analysis is the degree of substitution between imported and domestic goods due to changes in the relative price of those two goods, commonly known as the Armington elasticity. We estimate Armington elasticities for 312 industries at the 4-digit SIC level over...

Persistent link: https://www.econbiz.de/10014142632

Beschäftigung und Lohnstrukturen nach Qualifikationen und Altersgruppen : eine empirische Analyse auf Basis der IAB-Beschäftigtenstichprobe

Fitzenberger, Bernd; Garloff, Alfred; Kohn, Karsten - 2003

Diese Arbeit untersucht empirisch den Zusammenhang von Beschäftigung und Lohnstrukturen zwischen sowie innerhalb von Qualifikations- und Altersgruppen. Zunächst werden Substitutionselastizitäten zwischen Qualifikations- und Altersgruppen geschätzt und die Lohnveränderungen bestimmt, die...

Persistent link: https://www.econbiz.de/10011448985