Calibration of normalised CES production functions in dynamic models

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 2
Pages: 256-259

Authors (2)

Klump, Rainer (not in RePEc) Saam, Marianne (Deutsche Zentralbibliothek für...)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

Normalising CES production functions allows to choose technology parameters of dynamic models in a plausible way and excludes arbitrary effects of changes in the elasticity of substitution. As an illustration, the speed of convergence in the Ramsey model is considered.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:2:p:256-259
Journal Field
General
Author Count
2
Added to Database
2026-01-29