The Intensity of using production factors in Romania. Estimates from Cobb-Douglas and CES Models
The production function explains the mechanism through which inputs are changed into outputs and the partial efficiency of labour and capital. It also allows for understanding the elasticity of substitution, which measures the percentage change in factor proportions due to a percentage change in the...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Romanian Academy
2007-12-01
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| Series: | Revista Romana de Economie |
| Subjects: | |
| Online Access: | http://www.revecon.ro/articles/2007-2/2007-2-1.pdf |