Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
966173 | Journal of Macroeconomics | 2008 | 4 Pages |
Abstract
This paper estimates the factor elasticity of substitution of the aggregate production function and then uses these estimates to resolve two puzzles relating to the Euro Area. The paper is novel in three ways: First it uses the CES production technology in the empirical strategy to understand real world economic phenomena; second it uses a frontier empirical methodology; and third it uses a new dataset.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Chris Papageorgiou,