Calibration of normalised CES production functions in dynamic models

DOI10.1016/j.econlet.2007.07.001zbMath1255.91260MaRDI QIDQ1934750

Marianne Saam, Rainer Klump

Publication date: 29 January 2013

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://ub-madoc.bib.uni-mannheim.de/1462/1/dp06078.pdf

zbMATH Keywords

calibration; normalisation; Ramsey model; CES production functions

Mathematics Subject Classification ID

91B62: Economic growth models

Related Items

Getting normalization right: dealing with `dimensional constants' in macroeconomics, Factor substitution and taxation in a finance constrained economy, Steady-state growth and the elasticity of substitution, Indeterminacy and the elasticity of substitution in one-sector models, Capital-labor substitution and equilibrium indeterminacy, Factor substitution and convergence speed in the neoclassical model with elastic labor supply, A grey CES production function model and its application in calculating the contribution rate of economic growth factors, FACTOR SUBSTITUTION AND ECONOMIC GROWTH: A UNIFIED APPROACH

Cites Work

• Endogenous aggregate elasticity of substitution
• Intertemporal and intratemporal substitution, and the speed of convergence in the neoclassical growth model.
• Quantifying the relationship between wealth distribution and aggregate growth in the Ramsey model
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