This paper derives an indirect production function that is, in a special case, of a constant elasticity of substitution … popular production function -- the CES-- that helps us express the important concept of the elasticity of substitution in …

model in which different types of capital are interrelated in both the production and adjustment cost technologies. Our … ignored estimates of the adjustment costs are biased upward, and estimates of factor substitution in production are biased …

production for the U.S. and Canada. The Ozaki model provides an appropriate empirical framework for analyzing the dynamic path of …. We examine a combination of six different types of linkage between the indices of production. Major questions we study …