A canonical constant elasticity of substitution (Ces) production function*

Ki Hong Choi; Sungwhee Shin

A canonical constant elasticity of substitution (Ces) production function^*

Ki Hong Choi
, Sungwhee Shin

School of Economics

Korea Institute of Public Finance

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	94-102
Number of pages	9
Journal	Journal of Economic Theory and Econometrics
Volume	32
Issue number	3
State	Published - Sep 2021

Keywords

Constant elasticity of substitution
Dimensional homogeneity
Factor-augmenting technological progress

Cite this

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AU - Shin, Sungwhee

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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 - https://www.scopus.com/pages/publications/85116197858

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JF - Journal of Economic Theory and Econometrics

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A canonical constant elasticity of substitution (Ces) production function^*

Abstract

Keywords

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