Input-Biased Technical Progress and the Aggregate Elasticity of Substitution: Evidence from 14 EU Member States

Input-Biased Technical Progress and the Aggregate Elasticity of Substitution: Evidence from 14 EU Member States

Topics: Economic Growth , Applied Research

Wednesday, 14 December 2016, 15:00-16:30

Room: Α2-2

Presenter: Emvalomatis Grigoris, University of Dundee

The present paper aims to:

  • examine the direction of technical progress (1960-2012) in 14 European economies
  • provide an estimate of the elasticity of substitution between labor and capital
  • test the hypothesis of price-induced innovation 

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