Reference : Calibration of normalised CES production functions in dynamic models

	Document type :	Scientific journals : Article
	Discipline(s) :	Business & economic sciences : Multidisciplinary, general & others
	To cite this reference:	http://hdl.handle.net/10993/27868

Title :	Calibration of normalised CES production functions in dynamic models
Language :	English
Author, co-author :	Klump, Rainer [University of Luxembourg > Rectorate > Rectorate]
	Saam, Marianne [> >]
Publication date :	2008
Journal title :	ECONOMICS LETTERS
Publisher :	Elsevier Science Sa
Volume :	99
Issue/season :	2
Pages :	256-259
Peer reviewed :	Yes (verified by ORBilu)
ISSN :	0165-1765
City :	Lausanne
Keywords :	[en] CES production functions ; normalisation ; calibration ; Ramsey model
Abstract :	[en] Normalising CES production functions allows to choose technology parameters of dynamic models in a plausible way and excludes arbitrary effects of changes in the elasticity of substitution. As an illustration, the speed of convergence in the Ramsey model is considered. (C) 2007 Elsevier B.V. All rights reserved.
Permalink :	http://hdl.handle.net/10993/27868
DOI :	10.1016/j.econlet.2007.07.001

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