|
gptkbp:instanceOf
|
production function
|
|
gptkbp:application
|
growth models
empirical economics
production analysis
|
|
gptkbp:characterizedBy
|
constant elasticity of substitution between inputs
|
|
gptkbp:elasticityOfSubstitution
|
σ = 1/(1-ρ)
|
|
gptkbp:field
|
economics
|
|
gptkbp:form
|
Y = A [αK^ρ + (1-α)L^ρ]^{1/ρ}
|
|
gptkbp:generalizes
|
gptkb:Cobb-Douglas_production_function
gptkb:Leontief_production_function
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
CES production function
|
|
gptkbp:input
|
gptkb:city
labor
|
|
gptkbp:introduced
|
gptkb:Kenneth_Arrow
gptkb:Robert_Solow
gptkb:Hirofumi_Uzawa
|
|
gptkbp:introducedIn
|
1961
|
|
gptkbp:limitation
|
Cobb-Douglas production function when ρ→0
Leontief production function when ρ→-∞
|
|
gptkbp:parameter
|
scale parameter
distribution parameter
output elasticity
substitution parameter
|
|
gptkbp:standsFor
|
gptkb:Constant_Elasticity_of_Substitution_production_function
|
|
gptkbp:usedIn
|
macroeconomics
microeconomics
|
|
gptkbp:bfsParent
|
gptkb:Cobb-Douglas_production_function
gptkb:Cobb–Douglas_production_function
|
|
gptkbp:bfsLayer
|
7
|