Book contents
- Frontmatter
- Dedication
- Contents
- Foreword
- Preface to the second edition
- Introduction to the first edition
- PART I POSITIVE GROWTH THEORY
- 1 The welfare of society and economic growth
- 2 The growth process
- 3 Poverty traps
- 4 A production function of central importance
- 5 The CES production function as a general mean (in collaboration with Robert M. Solow)
- 6 Capital-labour substitution and economic growth (in collaboration with Robert M. Solow)
- 7 Why has the elasticity of substitution most often been observed as smaller than 1? And why is it of importance?
- 8 The long-term growth rate as a random variable, with an application to the US economy
- PART II OPTIMAL GROWTH THEORY
- PART III A UNIFIED APPROACH
- In conclusion: on the convergence of ideas and values through civilizations
- Further reading, data on growth and references
- Index
5 - The CES production function as a general mean (in collaboration with Robert M. Solow)
from PART I - POSITIVE GROWTH THEORY
Published online by Cambridge University Press: 01 December 2016
- Frontmatter
- Dedication
- Contents
- Foreword
- Preface to the second edition
- Introduction to the first edition
- PART I POSITIVE GROWTH THEORY
- 1 The welfare of society and economic growth
- 2 The growth process
- 3 Poverty traps
- 4 A production function of central importance
- 5 The CES production function as a general mean (in collaboration with Robert M. Solow)
- 6 Capital-labour substitution and economic growth (in collaboration with Robert M. Solow)
- 7 Why has the elasticity of substitution most often been observed as smaller than 1? And why is it of importance?
- 8 The long-term growth rate as a random variable, with an application to the US economy
- PART II OPTIMAL GROWTH THEORY
- PART III A UNIFIED APPROACH
- In conclusion: on the convergence of ideas and values through civilizations
- Further reading, data on growth and references
- Index
Summary
- Type
- Chapter
- Information
- Economic GrowthA Unified Approach, pp. 92 - 113Publisher: Cambridge University PressPrint publication year: 2016