Development Accounting, the Elasticity of Substitution, and Non-neutral Technological Change
We apply the tools of development accounting to a broad panel over the period 1970-2014. However, we depart from the traditional Cobb-Douglas hypothesis with Hicks-neutral technological change, and assume a CES technology, which allows for a constant but non-unitary elasticity of substitution, and f...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Fundação Getúlio Vargas
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| Series: | Revista Brasileira de Economia |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402017000100093&lng=en&tlng=en |