Systematic Effects of Capital Service Price Definition on Perceptions of Input Substitution
资本服务价格定义对要素替代判断的系统性影响
Earlier attempts at reconciling disparate substitution elasticity estimates examined differences in separability hypotheses, data bases, and estimation techniques, as well as methods employed to construct capital service prices. Although these studies showed that differences in elasticity estimates between two or three studies may be attributable to the aforementioned features of the econometric models, they have been unable to demonstrate this link statistically and…