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  • ROBERT S. CHIRINKO, STEVEN M. FAZZARI, +6 authors James Morley
  • 2004
The elasticity of substitution between capital and labor features prominently in several areas of economic research. However, a consensus estimate remains elusive. We develop an estimation strategy that filters panel data in an original way and avoids several pitfalls-difficult-to-specify dynamics, transitory time-series variation, and positively sloped(More)
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