Estimates of the long-run growth rate of Singapore with a CES production function

This paper estimates with the Bayesian methods a CES production function for Singapore for 1960-2009. It is found that the elasticity of substitution is 0.6, technical progress is labour augmenting and the steady state growth rate of Singapore is about 1.8%.

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Year of publication:	2011-06-13
Authors:	Rao, B. Bhaskara ; Shankar, Sriram
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Bayesian methods \| CES production function and Technical progress

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D24 - Production; Capital and Total Factor Productivity; Capacity ; C11 - Bayesian Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009147585