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dc.contributor.authorKlump, Raineren_US
dc.contributor.authorSaam, Marianneen_US
dc.date.accessioned2009-02-16T14:57:10Z-
dc.date.available2009-02-16T14:57:10Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/24533-
dc.description.abstractNormalising CES production functions in the calibration of basic dynamic models allows to choose technology parameters in an economically plausible way. When variations in the elasticity of substitution are considered, normalisation is necessary in order to exclude arbitrary effects. As an illustration, the effect of the elasticity of substitution on the speed of convergence in the Ramsey model is computed with different normalisations.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 06-78en_US
dc.subject.jelE27en_US
dc.subject.jelE24en_US
dc.subject.jelO41en_US
dc.subject.ddc330en_US
dc.subject.keywordCES production functionsen_US
dc.subject.keywordnormalisationen_US
dc.subject.keywordcalibrationen_US
dc.subject.keywordRamsey modelen_US
dc.titleCalibration of normalised CES production functions in dynamic modelsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn521036666en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5471-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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