SEMI-NONPARAMETRIC ESTIMATES OF SUBSTITUTION ELASTICITIES

Authors
FLEISSIG AR KASTENS T TERRELL D
Citation
Ar. Fleissig et al., SEMI-NONPARAMETRIC ESTIMATES OF SUBSTITUTION ELASTICITIES, Economics letters, 54(3), 1997, pp. 209-215
Citations number
18
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
54
Issue
3
Year of publication
1997
Pages
209 - 215
Database
ISI
SICI code
0165-1765(1997)54:3<209:SEOSE>2.0.ZU;2-J
Abstract
This paper uses semi-nonparametric and Diewert-flexible forms to estim ate substitution elasticities between capital and labor. Results show that capital and labor are substitutes. Estimated elasticities from se mi-nonparametric forms vary more over time than those from Diewert-fle xible forms. (C) 1997 Elsevier Science S.A.