Calibration of normalised CES production functions in dynamic models

DOI10.1016/j.econlet.2007.07.001zbMath1255.91260OpenAlexW3122838312MaRDI QIDQ1934750

Marianne Saam, Rainer Klump

Publication date: 29 January 2013

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://ub-madoc.bib.uni-mannheim.de/1462/1/dp06078.pdf

zbMATH Keywords

calibrationnormalisationRamsey modelCES production functions

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (9)

Factor substitution and convergence speed in the neoclassical model with elastic labor supply ⋮ Getting normalization right: dealing with `dimensional constants' in macroeconomics ⋮ Application of a modified CES production function model based on improved firefly algorithm ⋮ Factor substitution and taxation in a finance constrained economy ⋮ Indeterminacy and the elasticity of substitution in one-sector models ⋮ Steady-state growth and the elasticity of substitution ⋮ A grey CES production function model and its application in calculating the contribution rate of economic growth factors ⋮ FACTOR SUBSTITUTION AND ECONOMIC GROWTH: A UNIFIED APPROACH ⋮ Capital-labor substitution and equilibrium indeterminacy

Cites Work

• Unnamed Item
• Endogenous aggregate elasticity of substitution
• Intertemporal and intratemporal substitution, and the speed of convergence in the neoclassical growth model.
• Quantifying the relationship between wealth distribution and aggregate growth in the Ramsey model

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