Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/97567
Authors: 
Antony, Jürgen
Year of Publication: 
2014
Series/Report no.: 
Beiträge der Hochschule Pforzheim 147
Abstract: 
This paper addresses the relationship between technical change and the elasticity of substitution between factors of production. It is shown how the elasticity within a CES production setting can change due to technical change. Technical change is interpreted in the spirit of horizontal differentiation as in many growth models. Cases for positive and negative returns to differentiation are analyzed which can be understood as progress or complexity congestions. It is shown how the elasticity changes due to technical choices for each of them.
Subjects: 
Elasticity of substitution
CES production function
Inequality
JEL: 
E23
O33
F41
J24
Document Type: 
Research Report
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