Working Paper – WP/18/05: Productivity estimates for South Africa from CES production functions
Last Modified Date:
2020-10-01, 09:31 PM
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This paper provides estimates of the elasticity of substitution and total factor productivity (TFP) for South Africa. Estimates are based on constant elasticity of substitution (CES) production functions. Estimates of potential output and the output gap implied by different CES model specifications are also compared to those from other models.