Estimates of the Long-Run Growth Rate of Australia

被引：0

作者：

Shankar, Sriram ^{[1
]}

Rao, B. Bhaskara ^{[1
]}

机构：

[1] Univ Western Sydney, Sch Econ & Finance, Sydney, NSW, Australia

来源：

ECONOMIC PAPERS | 2013年 / 32卷 / 01期

关键词：

constant elasticity of substitution production function; steady-state growth rate; total factor productivity;

D O I：

10.1111/1759-3441.12014

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This short note estimates using the Kmenta's (1967) approximation, a constant elasticity of substitution (CES) production function for Australia for 1960-2004. It is found that the elasticity of substitution is 2.44, technical progress is capital augmenting and the steady-state growth rate (SSGR) of Australia is about 0.34%.

引用

页码：95 / 98

页数：4

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