MORISHIMA ELASTICITIES OF SUBSTITUTION WITH NESTED PRODUCTION-FUNCTIONS

Authors
ANDERSON RK MORONEY JR
Citation
Rk. Anderson et Jr. Moroney, MORISHIMA ELASTICITIES OF SUBSTITUTION WITH NESTED PRODUCTION-FUNCTIONS, Economics letters, 42(2-3), 1993, pp. 159-166
Citations number
8
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
42
Issue
2-3
Year of publication
1993
Pages
159 - 166
Database
ISI
SICI code
0165-1765(1993)42:2-3<159:MEOSWN>2.0.ZU;2-I
Abstract
Nested, multi-stage, production technologies are distinguished by two distinct types of substitution: intraprocess and interprocess. This pa per develops Morishima elasticity measures for each, shows the relatio n between the Morishima and Allen-Uzawa substitution elasticities, and applies the analysis to domestic content protection.