CES Production Functions and Economic Growth

By R. Klump, H. Preissler. 2000

217 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/bb0bafed305265158006f702ad4675b690810b48

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Citations in the corpus

The Role of Energy in the Industrial Revolution and Modern Economic Growth (2012, background): “Klump and Preissler (2000) demonstrate that for β = 0 (12) is positive.”
Factor Substitution and Factor Augmenting Technical Progress in the Us: A Normalized Supply-Side System Approach (2004, methodology): “…that the identification of technical level and distribution parameters from each other in the aggregate CES function can be much improved by applying the normalization procedure of De La Grandville (1989), Klump and De La Grandville (2000) and Klump and Preissler (2000) in a supply-side system.”
The Normalized CES Production Function: Theory and Empirics (2011, unknown): “17 ECB Working Paper Series No 1294 February 2011 18 ECB Working Paper Series No 1294 February 2011 As shown in Klump and Preissler (2000), normalization also helps to distinguish those variants of CES production functions which are functionally identical with the general form (1) from those which…”
Understanding labour income share dynamics in Europe (2009, background): “5, as in Krusell et al. (2000). It is then possible to choose α to match the average labour share of the unskilled over the calibration period.”
Getting Normalization Right: Dealing with ‘Dimensional Constants’ in Macroeconomics (2012, methodology): “We show that, while for the case of CES production functions the standard normalization approach and the 4Furthermore they show how their approach is preferable to the one proposed in Barro and Sala-i-Martin (2004) (pp.68-74) which is also proven to be inconsistent in Klump and Preissler (2000).”
Identifying the Elasticity of Substitution with Biased Technical Change (2010, methodology): “The importance of explicitly normalizing CES functions was discovered by La Grandville (1989), further explored by Klump and de La Grandville (2000), Klump and Preissler (2000), La Grandville and Solow (2006), and rst implemented empirically by Klump et al. (2007).”
Factor Substitution and Factor-Augmenting Technical Progress in the United States: A Normalized Supply-Side System Approach (2007, background): “1 However, not only conceptual problems causing controversial and problematic results in theoretical growth models (Klump and Preissler 2000) but also ongoing difficulties in empirically testing the parameters of the CES function, notably the aggregate elasticity of substitution (σ ), made their use”