Arbeitspapier
Estimation of sectoral elasticities of substitution along the international technology frontier
Sectoral heterogeneity is crucial to address several economic questions. This paper provides a detailed mapping of sectoral production possibility frontiers, using different nesting structures and levels of aggregation (primary, secondary, tertiary activities and energy-intensive firms). Elasticities of substitution between capital, labour and energy are identified by employing an international multi-sector dataset, accounting for biased technological change and normalising the production function to clusters of observations. Complementarity dominates, with the noteworthy exception of the capital-labour composite, close to Cobb-Douglas. I also present some stylized facts relating substitution elasticities to sectoral characteristics.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 13-092
- Klassifikation
-
Wirtschaft
Computable General Equilibrium Models
Industrialization; Manufacturing and Service Industries; Choice of Technology
One, Two, and Multisector Growth Models
Energy and the Macroeconomy
- Thema
-
Constant Elasticity of Substitution
Normalisation
Sectoral Disaggregation
Nested CES Structure
Energy Demand
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Baccianti, Claudio
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2013
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-352453
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Baccianti, Claudio
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2013
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