Suyanto, Suyanto (2007) Estimasi Fungsi Produksi Agregat Indonesia: Pendekatan "Constant Elasticity of Substitution". Ekonomi dan Bisnis, 10 (1). pp. 73-90. ISSN 1410-9204
Preview |
PDF
Estimasi-Fungsi-Produksi-Agregat-Indonesia_Pendekatan-Constant-Elasticity.pdf Download (3MB) | Preview |
Abstract
This study estimates the specification of aggregate production function for Indonesia using the Constant Elasticity of Substitution (CES) production function. The data used in the study is an annual data from 1976 to 2004. By linearized the CES production function, the GLS method of regression (with the Cochrane-Orcutt Iteration Procedure) shows that the elasticity of substitution between labor and capital is 2,0918, which means that the elasticity of substitution between labor and capital is un-perfect substitution. This finding is relevant with the Cobb-Douglas production function as a special case of un-perfect substitution production function.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | CES production function, elasticity of substitution, Indonesia. |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Business and Economic > Department of Economic |
| Depositing User: | Suyanto 3198 |
| Date Deposited: | 17 Nov 2015 07:22 |
| Last Modified: | 24 Mar 2021 15:53 |
| URI: | http://repository.ubaya.ac.id/id/eprint/26081 |
Actions (login required)
 |
View Item |
