Input substitutability

This paper estimated the degree of elasticity substitution of inputs, particularly young labor, older labor, and physical capital. The elasticity of input substitution was estimated using a nested constant elasticity of substitution (CES) production function and nonlinear regression analysis. Research data were obtained from the annual secondary data of government sources from 1990 to 2013. The findings indicated that the input substitutability of young and older labor was low. However, capital and labor could substitute for each other.

5p guernsey 28-12-2021 19 0   Download

A combinationacombinational circuit has inputs, outputs and an internal logic circuit Constitutes a mapping from the inputs to the outputs A sequential circuit has inputs, outputs, an internal logic circuit and binary cells as memory A binary cell is a memory device with two possible states.

28p rainie_vu 17-09-2012 69 5   Download