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Elasticity of Substitution, Technical Progress and Returns to Scale in Branches of Soviet Industry: A New CES Production Function Approach

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  • Bairam, Erkin

Abstract

This study introduces and tests a new CES production function approach using data from five major branches of the Soviet industrial sector. The estimated equations obtained suggest that the Cobb-Douglas production function is the appropriate production function for all branches under consideration except Food Processing. Copyright 1991 by John Wiley & Sons, Ltd.

Suggested Citation

  • Bairam, Erkin, 1991. "Elasticity of Substitution, Technical Progress and Returns to Scale in Branches of Soviet Industry: A New CES Production Function Approach," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 6(1), pages 91-96, Jan.-Marc.
    • Handle: RePEc:jae:japmet:v:6:y:1991:i:1:p:91-96
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    Citations

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    Cited by:

    1. Leonard Kukić, 2024. "Technical change and the postwar slowdown in Soviet economic growth in a long run perspective, 1885–2019," Economic History Review, Economic History Society, vol. 77(2), pages 644-674, May.
    2. Erkin Bairam, 1994. "The elasticity of scale in large New York Stock Exchange companies and corporations, 1975-92," Applied Economics Letters, Taylor & Francis Journals, vol. 1(8), pages 134-137.
    3. Erkin Bairam, 1999. "Linear versus nonlinear technical progress: theory and some evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 6(5), pages 283-286.
    4. Perekhozhuk, Oleksandr, 2007. "Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 41, number 92322.
    5. Mallick, Debdulal, 2012. "The role of the elasticity of substitution in economic growth: A cross-country investigation," Labour Economics, Elsevier, vol. 19(5), pages 682-694.

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