Micro-foundation for a constant elasticity of substitution production function through mechanization

被引：11

作者：

Nakamura, Hideki ^{[1
]}

机构：

[1] Osaka City Univ, Fac Econ, Sumiyoshi, Osaka 5588585, Japan

来源：

JOURNAL OF MACROECONOMICS | 2009年 / 31卷 / 03期

关键词：

Mechanization; Dynamic changes in production functions; Micro-foundation for a CES production function; Total factor productivity; AGGREGATE PRODUCTION FUNCTION; GROWTH; CES; TECHNOLOGY; MODEL;

D O I：

10.1016/j.jmacro.2008.09.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We consider an increase in the range of capital use as a form of mechanization. A constant elasticity of substitution (CES) production function is dynamically derived from Leontief production functions through the endogenous complementary relationship between capital accumulation and mechanization. This implies that a CES production function can be resolved into technological change that does not involve changes in total factor productivity. Furthermore. using the normalizing procedure of the CES production function developed by de La Grandville [de La Grandville, O., 1989. In quest of the Slutsky diamond. American Economic Review 79, 468-481], we investigate how mechanization is related to the elasticity of substitution in our endogenous growth model. (C) 2008 Elsevier Inc. All rights reserved.

引用

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页码：464 / 472

页数：9

共 34 条

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