14 citations
3 papers
econ.GN2017
Bilateral multifactor CES general equilibrium with state-replicating Armington elasticities
Jiyoung Kim, Satoshi Nakano, Kazuhiko Nishimura
We measure elasticity of substitution between foreign and domestic commodities by two-point calibration such that the Armington aggregator can replicate the two temporally distant…
econ.GN2017★ 5 cited
Structural propagation in a production network with restoring substitution elasticities
Satoshi Nakano, Kazuhiko Nishimura
We model an economy-wide production network by cascading binary compounding functions, based on the sequential processing nature of the production activities. As we observe a hiera…
stat.AP2016★ 14 cited
Multifactor CES General Equilibrium: Models and Applications
Jiyoung Kim, Satoshi Nakano, Kazuhiko Nishimura
Sector specific multifactor CES elasticity of substitution and the corresponding productivity growths are jointly measured by regressing the growths of factor-wise cost shares agai…