the elasticity of substitution can solve the puzzle. With the elasticity exceeding a critical value, unambiguous results … ; Sector Bias ; Elasticity of Substitution …

of Substitution ; Factor-Augmenting Technical Change ; Normalization ; Factor Income share ; Identification ; Monte Carlo … understanding the empirical relevance of normalization and the variability underlying past empirical studies. -- Constant Elasticity … taken from the €200 banknote. IDENTIFYING THE ELASTICITY OF SUBSTITUTION WITH BIASED TECHNICAL CHANGE by Miguel A. León …

elasticity of substitution of one from the household�s side, interest rates vary substantially if demand from the �rm�s side … supply. Hereby we can either decrease the elasticity of substitution to weaken the consumption smoothing motive, or … investment by altering the elasticity of substitution of capital supply. The intertemporal substitution is a very important …

but the direct effects are stronger than the side effects, the more so, the greater is the elasticity of substitution in … are stronger than the side effects, the more so, the greater is the elasticity of substitution in consumption between … (Appendix) reveals the elasticity of substitution in consumption, ( ) ( )( ) ( )/ / /: / / / z x x z d x z x z d U U U Us …