A Production Function with Variable Elasticity of Factor Substitution

Constantin Chilarescu

Papers from arXiv.org

Abstract: The main aim of this paper is to prove the existence of a new production function with variable elasticity of factor substitution. This production function is a more general form which includes the Cobb-Douglas production function and the CES production function as particular cases. The econometric estimates presented in the paper confirm some other results and reinforces the conclusion that the sigma is well-below the Cobb-Douglas value of one.

Date: 2019-07
New Economics Papers: this item is included in nep-eff
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Citations: View citations in EconPapers (3)

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http://arxiv.org/pdf/1907.12624 Latest version (application/pdf)

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Journal Article: A Production Function with Variable Elasticity of Factor Substitution (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1907.12624

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