恒定替代弹性
经济
替代弹性
计量经济学
替代(逻辑)
弹性(物理)
面板数据
生产(经济)
产出弹性
微观经济学
计算机科学
热力学
物理
程序设计语言
作者
Chris Papageorgiou,Marianne Saam,Patrick Schulte
摘要
In macroeconomic models, the elasticity of substitution between clean and dirty energy inputs within the energy aggregate is a central parameter in assessing the necessary conditions for long-run green growth. Using new sectoral data in a panel of 26 countries, we formulate specifications of nested constant elasticity of substitution production functions that allow estimating this parameter for the first time. We present evidence that it significantly exceeds unity, a favorable condition for promoting green growth.
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