Estimates of the long-run growth rate of Singapore with a CES production function

B. Rao and Sriram Shankar

MPRA Paper from University Library of Munich, Germany

Abstract: This paper estimates with the Bayesian methods a 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 of Singapore is about 1.8%.

Keywords: Bayesian methods; CES production function and Technical progress (search for similar items in EconPapers)
JEL-codes: C11 D24 (search for similar items in EconPapers)
Date: 2011-06-13
New Economics Papers: this item is included in nep-eff, nep-fdg and nep-sea
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Related works:
Journal Article: Estimates of the long-run growth rate of Singapore with a CES production function (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:31601

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