Chengjun, LU; Duanming, ZHOU - In: Frontiers of Economics in China 4 (2009) 1, pp. 110-124
To overcome the drawbacks in estimating the rate of input substitution in existing econometric models, our paper is first to estimate the absolute/net rate of input substitution of capital and labor for energy in China¡¯s industrial sector. Based on trans-log cost function with constant...