Shankar, Sriram; Rao, B. Bhaskara - In: Applied Economics Letters 19 (2012) 15, pp. 1525-1530
This article estimates using the Bayesian methods a Constant Elasticity of Substitution (CES) production function for Singapore for 1960--2009. It is found that the elasticity of substitution is 0.6, technical progress is labour augmenting and the Steady-State Growth Rate (SSGR) of Singapore is...