Capital-Labour Substitution and Slowdown in Soviet Economic Growth: A Re-examination

Erkin I Bairam

Bulletin of Economic Research, 1990, vol. 42, issue 1, 63-72

Abstract: This paper tests aggregate variable elasticity of substitution production functions for the Soviet economy. The estimated equations show that the elasticity of substitution is less than unity and is decreasing quite rapidly. Copyright 1990 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Date: 1990
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