TY - JOUR
T1 - A canonical constant elasticity of substitution (Ces) production function*
AU - Choi, Ki Hong
AU - Shin, Sungwhee
N1 - Publisher Copyright:
© 2021, Korean Econometric Society. All rights reserved.
PY - 2021/9
Y1 - 2021/9
N2 - We propose a canonical form of the CES production function. It includes the normalized CES function as a special case. It can represent factor-augmenting technological progresses through the factor efficiency term. In gen-eral, 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.
AB - We propose a canonical form of the CES production function. It includes the normalized CES function as a special case. It can represent factor-augmenting technological progresses through the factor efficiency term. In gen-eral, 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.
KW - Constant elasticity of substitution
KW - Dimensional homogeneity
KW - Factor-augmenting technological progress
UR - http://www.scopus.com/inward/record.url?scp=85116197858&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:85116197858
SN - 1229-2893
VL - 32
SP - 94
EP - 102
JO - Journal of Economic Theory and Econometrics
JF - Journal of Economic Theory and Econometrics
IS - 3
ER -