Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/285096 
Title (translated): 
La elasticidad de sustitución y las innovaciones ahorradoras de trabajo en las regiones españolas
Year of Publication: 
2022
Citation: 
[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 49 [Issue:] 2 [Year:] 2022 [Pages:] 123-144
Publisher: 
Universidad de Chile, Departamento de Economía, Santiago de Chile
Abstract: 
This paper performs a nonlinear estimation of a normalized CES production function within a system of equations with a panel of Spanish regions for the period 1964-2013. It obtains an elasticity of substitution below one and identifies different rates of factor-augmenting technical progress. The results support for labor-saving innovations hypothesis for the Spanish case. Nevertheless, they do not support a relationship between the elasticity of substitution and the initial regional capital per worker. The results do not change if labor is adjusted by human capital.
Subjects: 
Production function
CES
normalization
regional data
JEL: 
C33
E23
O47
Creative Commons License: 
cc-by-nc-sa Logo
Document Type: 
Article

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