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

Sriram Shankar and B. Rao

Applied Economics Letters, 2012, vol. 19, issue 15, 1525-1530

Abstract: This article estimates using the Bayesian methods a Constant Elasticity of Substitution (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 (SSGR) of Singapore is about 1.8%.

Date: 2012
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DOI: 10.1080/13504851.2011.637889

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