THE EVALUATION OF MUTUAL SUBSTITUTION ELASTICITY OF CAPITAL AND LABOUR FACTORS BY APPLICATION OF CES FUNCTION FOR ECONOMY OF AZERBAIJAN
The journal of Economic Sciences: Theory and PracticeCilt 2013/1-legacy-923, Sayı 70-legacy-1254
Abstract This study estimates parameters of CES production function in a Mathcad system using non-linear ordinary least squares method (Markvart method) based on statistical data of republics of Azerbaijan and Kazakhstan. Identified parameter estimates were comparatively analyzed to reveal a …