Elasticity of Substitution, Technical Progress and Returns to Scale in Branches of Soviet Industry: A New CES Production Function Approach

Erkin Bairam

Journal of Applied Econometrics, 1991, vol. 6, issue 1, 91-96

Abstract: This study introduces and tests a new CES production function approach using data from five major branches of the Soviet industrial sector. The estimated equations obtained suggest that the Cobb-Douglas production function is the appropriate production function for all branches under consideration except Food Processing. Copyright 1991 by John Wiley & Sons, Ltd.

Date: 1991
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