JSTOR Daily

The long-term sucCESs of the neoclassical growth model

Oxford Review of Economic Policy, Vol. 23, No. 1, THE SOLOW GROWTH MODEL (SPRING 2007), pp. 94-114 (21 pages) In this paper, we seek to re-establish the link between the constant elasticity of ...
International Monetary Fund

On the Substitution of Private and Public Capital in Production

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Most macroeconomic models assume that aggregate output is generated by a specification for the production function with ...
JSTOR Daily

Econometric Analyses Based on a Production Function with Neutrally Variable Scale-Elasticity

In micro-economic theory much room is given to the discussion of inhomogeneous production functions, or more precisely, production functions with a monotonically decreasing elasticity of scale. On the ...
RIETI独立行政法人経済産業研究所

Loyalty and Consumption: A CES representation

This paper offers a new interpretation of the elasticity of substitution in the constant elasticity of substitution (CES) utility function under discrete choice and separability. We model an economy ...