Purpose – Although the importance of the elasticity of substitution between capital and labour (σ) has been recognized … constant elasticity of substitution (CES) production function in both theoretical and empirical growth research. Originality …/value – This paper offers a new perspective on the elasticity of substitution between capital and labour due to its evaluation of …

be biased, and the intertemporal elasticity of substitution will be biased toward 0, in a manner that is quantitatively …

This paper examines the relation between aggregate elasticity of substitution (AES) and capital accumulation (the AES …-specific, then it is found that a positive AES-K relation emerges ony if the elasticity of substitution (ES) between capital and …

cycle model. We propose an RBC model with a Constant Elasticity of Substitution (CES) production function that allows for … sample, we find (i) evidence in favor of a less than unitary elasticity of substitution (rejecting Cobb-Douglas) and (ii) a …

, a Constant Elasticity of Substitution production function system is then estimated for the US economy. Results show that …

capital, the authors use a vintage capital model with the constant elasticity of substitution between capital and energy. The … obsolete capital, and (iv) energy regulation quotas. The paper analyzes how the elasticity of substitution between capital and …

-off between irrigation efficiency and capital investment is modeled as a nested constant elasticity of substitution constraint …

Although the importance of the elasticity of substitution between capital and labor (σ) has long been recognized in …