Calibration of Normalised Ces Production Functions in Dynamic Models

By R. Klump, Marianne Saam. 2008

76 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/5b453e7a3956603d4d764fc58a44ef7647e9a5b0

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In Economics and Econometrics

1. C. Cantore
2. Paul Levine

Citations in the corpus

• Getting Normalization Right: Dealing with ‘Dimensional Constants’ in Macroeconomics (2012, background): “This is why Klump and Saam (2008) talk about arbitrary and inconsistent results if the CES function is not correctly normalized.”
• The Normalized CES Production Function: Theory and Empirics (2011, unknown): “A particular striking example of how neglecting normalization can significantly bias results and how explicit normalization can help to overcome those biases is presented in Klump and Saam (2008).”