We examine inconsistencies and controversies related to the use of CES production functions in growth models. First, we show that not all variants of CES functions commonly used are consistently ...

Most growth models are based either on the assumption of fixed production coefficients for labour and capital or on the assumption of substitutability between factors. The present paper proposes a ...

Business owners often look for ways to increase their company's production output. Increasing production output can lead to higher sales and potentially higher business profits. However, the theory of ...