Semi-nonparametric estimates of substitution elasticities
Author/Authors :
Fleissig، نويسنده , , Adrian R.; Kastens، نويسنده , , Terry; Terrell، نويسنده , , Dek ، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1997
Pages :
7
From page :
209
To page :
215
Abstract :
This paper uses semi-nonparametric and Diewert-flexible forms to estimate substitution elasticities between capital and labor. Results show that capital and labor are substitutes. Estimated elasticities from semi-nonparametric forms vary more over time than those from Diewert-flexible forms.
