A production function with variable elasticity of substitution greater than one

Constantin Chilarescu

Economics Bulletin, 2021, vol. 41, issue 3, 1741-1746

Abstract: The idea of this paper comes from the famous remark of Piketty and Zuckman: "It is natural to imagine that the elasticity of substitution was much less than one in the eighteenth and nineteenth centuries and became larger than one in the twentieth and twenty-first centuries. One expects a higher elasticity of substitution in high-tech economies where there are lots of alternative uses and forms for capital." The main aim of this paper is to prove the existence of a production function of variable elasticity of substitution with values greater than one.

Keywords: variable elasticity of substitution; production function. (search for similar items in EconPapers)
JEL-codes: C6 D2 (search for similar items in EconPapers)
Date: 2021-09-17
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2021/Volume41/EB-21-V41-I3-P149.pdf (application/pdf)

Related works:
Working Paper: A production function with variable elasticity of substitution greater than one (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-21-00201

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().