Normalizing ves production functions: extending the supply-side system approach

DOI10.1016/J.ECONLET.2025.112794MaRDI QIDQ6845717zbMATH OpenFDO

Authors Fernando del Río, Francisco Rebelo

Publication date 12 March 2026

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/J.ECONLET.2025.112794

zbMATH Keywords

capital-labour elasticity of substitutionfactor-augmenting technical changeidentificationnormalizationnormalized supply-side systemvariable elasticity of substitution (VES)

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38)

Cites work

• A Class of Variable Elasticity of Substitution Production Functions
• A dual elasticity of substitution production function with an application to cross-country inequality
• Factor substitution and convergence speed in the neoclassical model with elastic labor supply
• Factor substitution, long-run equilibrium, and convergence speed in the Lucas model
• The aggregate productivity slowdown: a system approach

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