학술저널
A Canonical Constant Elasticity of Substitution (CES) Production Function
- 한국계량경제학회
- JOURNAL OF ECONOMIC THEORY AND ECONOMETRICS
- Vol.32 No.3
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2021.0994 - 102 (9 pages)
- 25
We propose a canonical form of the CES production function. It includes the normalized CES function as a special case. It can represent factoraugmenting technological progresses through the factor efficiency term. In general, it can represent a family of CES-type function indexed by a parameter. The parameter may represent time, nations, regions, or industries. Finally, it treats well the concern on dimensional homogeneity.
1. INTRODUCTION
2. A CANONICAL CES PRODUCTION FUNCTION
3. CONCLUDING REMARKS
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