Elasticity of substitution and biased technical change in the CES production function for China's metal-intensive industries
Elasticity of substitution and biased technical change in the CES production function for China's metal-intensive industries
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中国金属密集型产业CES生产函数的替代弹性和有偏技术变化
DOI：
10.1016/j.resourpol.2021.102216
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发表时间：
2021-10
期刊：
影响因子：
10.2
通讯作者：
Jianbai Huang
中科院分区：
文献类型：
--
作者：
Xuehong Zhu;Anqi Zeng;Meirui Zhong;Jianbai Huang
To achieve sustainable and green development, it is imperative for China, as the world's major metal consumer, to improve utilization efficiency and conservation of metal resources. Thus, understanding the industrial endogenous growth patterns of China regarding metal utilization and technical change becomes the prerequisite. Therefore, this paper regards metal as one of production factors nested with capital and labor, employs normalized supply-side system approach to estimate the elasticity of substitution in constant elasticity of substitution (CES) function and analyzes technical change bias based on the analytical framework built in this paper. Results show that: the optimal nesting structure for most metal-intensive industries are metal-capital composite nested with labor. And the metal input is less efficient than capital or labor in all metal-intensive industries. The technical change biases for metal-intensive industries are diversified, but only metal mining industries and heavy machinery manufacturing industries tend to save metal when expanding the production effectively. Targeted suggestions are made per industry according to the heterogeneity of production factors allocation and technical change biases.
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影响因子：
10.2
作者：
Wang Zhiping;Feng Chao;Chen Jinyu;Huang Jianbai
通讯作者：
Huang Jianbai
影响因子：
29.4
作者：
S. Sorrell
通讯作者：
S. Sorrell
DOI：
10.1016/b978-0-444-85013-3.50012-7
发表时间：
1978
期刊：
Contributions to economic analysis
影响因子：
--
作者：
P. Diamond;D. McFadden;Miguel Rodriguez
通讯作者：
P. Diamond;D. McFadden;Miguel Rodriguez
DOI：
10.3386/w8287
发表时间：
2001-05
期刊：
IO: Productivity
影响因子：
--
作者：
D. Acemoglu
通讯作者：
D. Acemoglu
影响因子：
1.4
作者：
J. Temple
通讯作者：
J. Temple