Estimasi FUngsi Produksi Agregat Indonesia: Pendekatan "Constant Elasticity of Substitution"

., Suyanto (2007) Estimasi FUngsi Produksi Agregat Indonesia: Pendekatan "Constant Elasticity of Substitution". Ekonomi dan Bisnis, 10 (1). pp. 73-90. ISSN 1410-9204

[img]
Preview
PDF
Suyanto_Estimasi Fungsi Produksi_2007.pdf

Download (1237Kb) | 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: 17 Nov 2015 07:22
URI: http://repository.ubaya.ac.id/id/eprint/26081

Actions (login required)

View Item View Item