file.pdf (151.32 kB)
Download file

Estimation of Returns to Scale and the Elasticity of Substitution

Download (151.32 kB)
journal contribution
posted on 01.11.1977, 00:00 by G. S. Maddala, Joseph B. Kadane
This paper concerns itself with the following problem: Suppose the true production function is of the CES type with constant returns to scale. If we fit an unrestricted Cobb-Douglas production function instead, what is the nature of the bias in the estimate of the returns to scale parameter?




Usage metrics