Elasticity of substitution and social conflict by Nelson H. Barbosa Filho published by FGV/IBRE (7/2014). “This paper presents a structuralist analysis of the elasticity of substitution between capital and labor, with an application to the US economy. It shows how the elasticity of substitution is an aggregated residual parameter, as well as how fluctuations of it can be explained in terms of technological, distributive, demographic and demand shocks…”
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