Wide-range estimation of various substitution elasticities for CES production functions at the sectoral level
Abstract
This paper provides a broad range of various substitution elasticity values for sectoral nested constant elasticity of substitution (CES) production functions, estimated through panel data techniques and using the World Input-Output Database (WIOD) as the main data source. Although the related empirical literature has been growing over the recent years, there is still no single study focused on a large-scale estimation of various, both product-...
Paper Details
Title
Wide-range estimation of various substitution elasticities for CES production functions at the sectoral level
Published Date
Sep 1, 2019
Journal
Volume
83
Pages
272 - 289
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