Elasticity of Substitution for Production Functions in Romania and other Countries
AbstractThe production function is explaining the mechanism through which inputs are changed into outputs and the partial efficiency of labour and capital. It also allows for understanding the elasticity of substitution, which measures the percentage change in factor proportions due to a percentage change in the marginal rate of technical substitution. In this study we have applied the two factor Constant Elasticity of Substitution (CES) production function, which is considered to be the generalised form of the Cobb-Douglas function. Using the available statistical data regarding Romania's economy in 1990-1005 period, we have performed time-series and cross-section analysis based on the aggregated production functions at national level.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.
Volume (Year): 2(507) (2007)
Issue (Month): 2(507) (February)
Contact details of provider:
Postal: Bucharest, Calea Griviţei nr. 21, sector 1, 010702
Phone: +40 21 3 12 22 48
Fax: +40 21 3 12 97 17
Web page: http://www.asociatiaeconomistilor.ro/
More information through EDIRC
production function; elasticity of substitution; Cobb-Douglas; CES; capital and labour.;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Matei, Ani & Matei, Lucica, 2010.
"Reducing the administrative expenditures as source for increasing the efficiency of local governance under conditions of the financial crisis,"
23085, University Library of Munich, Germany, revised 05 May 2010.
- Matei, Ani & Matei, Lucica, 2010. "Reducing the Administrative Expenditures as Source for Increasing the Efficiency of Local Governance under Conditions of the Financial Crisis," Apas Papers 150, Academic Public Administration Studies Archive - APAS.
- Matei, Ani & Matei, Lucica, 2011.
"Knowledge Marketing and Development in the new Knowledge-based Economy,"
333, Academic Public Administration Studies Archive - APAS.
- Matei, Ani & Matei, Lucica, 2011. "Knowledge marketing and development in the new knowledge-based economy," MPRA Paper 31474, University Library of Munich, Germany, revised 10 Jun 2011.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Socol Cristian).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.