The Review of Economics and Statistics Vol. 52 No. 2 1970
Labor Quality, Returns to Scale and the Elasticity of Factor Substitution
Abstract
The problem was reduced to the apparently simple one of estimating the elasticity of substitution between capital and labor in the production functions of differing industries and determining whether these elasticities varied widely or were basically the same. After a lapse of eight years, however, the existence of factor reversal is still an unresolved question. In his 1967 summary article Marc Nerlove could write:
- DOI
- 10.2307/1926121
- Volume
- 52
- Issue
- 2
- Pages
- 194
- Sources
- openalex crossref