Semi-nonparametric estimates of substitution elasticities

Authors

Adrian R. Fleissig, Saint Louis University
Terry Kastens, Kansas State University
Dek Terrell, Louisiana State University

Document Type

Article

Publication Date

1-1-1997

Abstract

This paper uses semi-nonparametric and Diewert-flexible forms to estimate substitution elasticities between capital and labor. Results show that capital and labor are substitutes. Estimated elasticities from semi-nonparametric forms vary more over time than those from Diewert-flexible forms. © 1997 Elsevier Science S.A.

Publication Source (Journal or Book title)

Economics Letters

First Page

209

Last Page

215

Recommended Citation

Fleissig, A., Kastens, T., & Terrell, D. (1997). Semi-nonparametric estimates of substitution elasticities. Economics Letters, 54 (3), 209-215. https://doi.org/10.1016/s0165-1765(97)00031-1