Multifactor CES General Equilibrium: Models and Applications
Multifactor CES General Equilibrium: Models and Applications
复制标题
多因素 CES 一般均衡：模型和应用
DOI：
10.1016/j.econmod.2017.01.024
复制
发表时间：
2017
影响因子：
4.7
通讯作者：
Nakano S and Nishimura K
中科院分区：
文献类型：
--
作者：
Kim J;Nakano S and Nishimura K
具体部门的多因素CES替代弹性和相应的生产率增长的共同衡量回归的增长，每要素成本份额对要素价格的增长。我们使用日本和韩国的投入产出表作为两个时间上遥远的国家的要素价格和成本份额的数据源。然后，我们构建了一个多部门的一般均衡模型，估计CES单位成本函数的系统和评估的经济范围内传播的外生生产力刺激福利。此外，我们研究模型之间的差异，如Leontief和Cobb-Douglas的priorityelasticities。
Sector-specific multifactor CES elasticities of substitution and the corresponding productivity growth are jointly measured by regressing the growth of per-factor cost shares against the growth of factor prices. We use linked input-output tables for Japan and the Republic of Korea as the data source for factor price and cost shares in two temporally distant states. We then construct a multisectoral general equilibrium model using the system of estimated CES unit cost functions and evaluate the economy-wide propagation of an exogenous productivity stimulus in terms of welfare. Further, we examine the differences between models based ona priorielasticities such as Leontief and Cobb-Douglas.