Estimates of the long-run growth rate of Australia

Sriram Shankar; B. Bhaskara Rao

doi:10.1111/1759-3441.12014

Estimates of the long-run growth rate of Australia

Sriram Shankar, B. Bhaskara Rao

Research output: Contribution to journal › Article › peer-review

Abstract

This short note estimates using the Kmenta’s (1967) approximation, a constant elasticity of substitution (CES) production function for Australia for 1960–2004. It is found that the elasticity of substitution is 2.44, technical progress is capital augmenting and the steady-state growth rate (SSGR) of Australia is about 0.34%.

Original language	English
Pages (from-to)	95-98
Number of pages	4
Journal	Economic Papers
Volume	32
Issue number	1
DOIs	https://doi.org/10.1111/1759-3441.12014
Publication status	Published - 2013

Keywords

economics
growth rates
industrial productivity

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1111/1759-3441.12014

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abstract = "This short note estimates using the Kmenta{\textquoteright}s (1967) approximation, a constant elasticity of substitution (CES) production function for Australia for 1960–2004. It is found that the elasticity of substitution is 2.44, technical progress is capital augmenting and the steady-state growth rate (SSGR) of Australia is about 0.34%.",

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author = "Sriram Shankar and Rao, {B. Bhaskara}",

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AB - This short note estimates using the Kmenta’s (1967) approximation, a constant elasticity of substitution (CES) production function for Australia for 1960–2004. It is found that the elasticity of substitution is 2.44, technical progress is capital augmenting and the steady-state growth rate (SSGR) of Australia is about 0.34%.

KW - economics

KW - growth rates

KW - industrial productivity

UR - http://handle.uws.edu.au:8081/1959.7/527048

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DO - 10.1111/1759-3441.12014

M3 - Article

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VL - 32

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IS - 1

ER -

Estimates of the long-run growth rate of Australia

Abstract

Keywords

UN SDGs

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