Reference : Calibration of normalised CES production functions in dynamic models
Scientific journals : Article
Business & economic sciences : Multidisciplinary, general & others
http://hdl.handle.net/10993/27868
Calibration of normalised CES production functions in dynamic models
English
Klump, Rainer mailto [University of Luxembourg > Rectorate > Rectorate]
Saam, Marianne [> >]
2008
ECONOMICS LETTERS
Elsevier Science Sa
99
2
256-259
Yes (verified by ORBilu)
0165-1765
Lausanne
[en] CES production functions ; normalisation ; calibration ; Ramsey model
[en] 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. (C) 2007 Elsevier B.V. All rights reserved.
http://hdl.handle.net/10993/27868
10.1016/j.econlet.2007.07.001

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