Search Results - subject:"elasticity of substitution"

The Morishima Gross Elasticity of Substitution

Blackorby, Charles; Primont, Daniel; Russell, R. Robert - Department of Economics, University of Warwick - 2007

We show that the Hotelling-Lau elasticity of substitution, an extension of the Allen-Uzawa elasticity to allow for …-Uzawa elasticity identified by Blackorby and Russell [1989 AER]. An analogous extension of the Morishima elasticity of substitution to … allow for output quantity changes preserves the salient properties of the original Hicksian notion of elasticity of …

Persistent link: https://www.econbiz.de/10005146838

Factor Substitution, Income Distribution, and Growth in a Generalized Neoclassical Model

Irmen, Andreas; Klump, Rainer - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 2007

elasticity of substitution. While the efficiency effect is always positive, the direction of the acceleration effect depends on …

Persistent link: https://www.econbiz.de/10005150952

Will a Regional Bloc Enlarge?

Albertin, Giorgia - International Monetary Fund (IMF) - 2007

This paper investigates whether a regional bloc would enlarge or remain stagnant in size using a model where enlargement is the endogenous outcome of the interaction between the supply of and demand for membership. We show that a maximum size of the bloc exists beyond which the regional...

Persistent link: https://www.econbiz.de/10005263932

Native Welfare Losses from High Skilled Immigration

Kemnitz, Alexander - Fakultät Wirtschaftswissenschaften, Technische … - 2007

This paper explores the effects of high skilled immigration to a host country with unionized low skilled labor and an unemployment insurance scheme. We show that such immigration can create a negative immigration surplus due to adverse effects on low skilled employment, provided that the...

Persistent link: https://www.econbiz.de/10009226137

Un-balanced Economic Growth

Leung, Hing-Man - East Asian Bureau of Economic Research (EABER) - 2007

Since the elasticity of substitution between capital and labor is not always one, and since technical progress is not …

Persistent link: https://www.econbiz.de/10009365280

Estimation of Demand Systems Based on Elasticities of Substitution

Coloma, Germán - 2007

This paper develops a model for demand-system estimations, whose coefficients are own-price Marshallian elasticities and elasticities of substitution between goods. The model satisfies the homogeneity, symmetry and, eventually, adding-up restrictions implied by consumer theory, and is primarily...

Persistent link: https://www.econbiz.de/10014049369

Revised Armington Elasticities of Substitution USITC Model and the Concordance for Constructing Consistent Set for the GTAP Model

Donnelly, William A.; Johnson, Kyle; Tsigas, Marinos E.; … - 2007

The paper presents a set of Armington substitution elasticities, and the concordances between different models and their aggregates, which are required to generate a consistent set of elasticities between the Commission's United States CGE model, USITC model, and the Global Trade Analysis...

Persistent link: https://www.econbiz.de/10014052187

Why is Europe Lagging Behind?

Pyyhtiä, Ilmo - 2007

elasticity of substitution between capital and labour. We estimate two different production functions, namely Cobb-Douglas and … associated with R&D investment and perhaps with increasing elasticity of substitution between capital and labour. Hence, our … results suggest that there is no growth paradox in Europe: the R&D factor and the elasticity of substitution between capital …

Persistent link: https://www.econbiz.de/10014224620

The Morishima Gross elasticity of substitution

Blackorby, Charles (contributor); … - 2007

The Morishima Gross Elasticity of Substitution Charles Blackorby, Daniel Primont and R. Robert Russell No … analogous extension of the Morishima elasticity of substitution to allow for output quantity changes preserves the salient … properties of the original Hicksian notion of elasticity of substitution. JEL classification: D11, D24, D33. Keywords: elasticity …

Persistent link: https://www.econbiz.de/10003408505

Expenditure-switching effect and the choice of exchange rate regime

Dong, Wei (contributor) - 2007

employing PCP versus LCP, the distribution margin, and the elasticity of substitution between domestic and foreign tradable …

Persistent link: https://www.econbiz.de/10003590072