Estimates of the long-run growth rate of Singapore with a CES production function

Sriram Shankar, B. Bhaskara Rao

    Research output: Contribution to journalArticlepeer-review

    Abstract

    This article estimates using the Bayesian methods a Constant Elasticity of Substitution (CES) production function for Singapore for 1960-2009. It is found that the elasticity of substitution is 0.6, technical progress is labour augmenting and the Steady-State Growth Rate (SSGR) of Singapore is about 1.8%.
    Original languageEnglish
    Pages (from-to)1525-1530
    Number of pages26
    JournalApplied Economics Letters
    Volume19
    Issue number15
    DOIs
    Publication statusPublished - 2012

    Keywords

    • Bayesian methods
    • Singapore
    • economics
    • growth rates

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