This is a preview. Log in through your library . Abstract Ces dernières années un grand nombre de modèles macro-économiques de rationnement avec fonctions de transaction CES ont été estimés. Les ...

We examine inconsistencies and controversies related to the use of CES production functions in growth models. First, we show that not all variants of CES functions commonly used are consistently ...

Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and ...