Estimasi Fungsi Produksi Agregat Indonesia: Pendekatan “Constant Elasticity of Substitution”  

Oleh:

Suyanto

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI
Dalam koleksi: E&B: Ekonomi dan Bisnis vol. 10 no. 1 (Dec. 2007), page 73-90.
Topik: Fungsi Produksi; Elastisitas Substitusi Konstan

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE42 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This study estimates the specification of aggregate production function for Indonesia using the Constant Elasticity of Substitution (CES) production function. The data used in the study is an annual data from 1976 to 2004. By linearized the CES production function, the General Least Square method of regression (with the Cochrane-Orcutt Iteration Procedure) shows that the elasticity of substitution between labor and capital is 2,09 18, which means that the elasticity of substitution between labor and capital is un-perfect substitution. This finding is relevant with the Cobb-Douglas production function as a special case of un-perfect substitution production function.

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