The two-level CES aggregate production function-that nests a CES into another CES function-has recently been used extensively in theoretical and empirical applications of macroeconomics. We examine ...

Most macroeconomic models assume that aggregate output is generated by a specification for the production function with total physical capital as a key input. Implicitly this assumes that private and ...

Thomas L. Hutcheson, Factor Intensity Reversals and the CES Production Function, The Review of Economics and Statistics, Vol. 51, No. 4 (Nov., 1969), pp. 468-470 ...