Modèle d’estimation de l’élasticité de substitution et du progrès technologique
We derive in the present study a set of equations that yield, through regression analysis, estimates of the elasticity of substitution and of the indexes of technical change attributed to Hicks, Harrod and Solow. On the basis of data drawn from the U.S. non-farm economy, we obtain estimates that are consistent with other findings namely a value for the elasticity of substitution (between labour and capital) that is less than unity and indexes which imply that technology has tended to be Hicks labour-saving, Harrod capital-saving and Solow labour-saving.
Volume (Year): 57 (1981)
Issue (Month): 2 (avril-juin)
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- Sato, Ryuzo, 1970. "The Estimation of Biased Technical Progress and the Production Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(2), pages 179-208, June.
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- Berndt, Ernst R & Khaled, Mohammed S, 1979. "Parametric Productivity Measurement and Choice among Flexible Functional Forms," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1220-45, December.
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- Zind, Richard G, 1979. "A Note on the Measurement of Technical Bias in the U.S. Economy," The Review of Economics and Statistics, MIT Press, vol. 61(2), pages 301-04, May.
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