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 ...

C. A. Knox Lovell, CES and VES Production Functions in a Cross-Section Context, Journal of Political Economy, Vol. 81, No. 3 (May - Jun., 1973), pp. 705-720 ...

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 ...