Elasticity estimates 

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Microsoft Word - discussion_demooij.doc
... the elasticity. a second finding is that the difference between elasticities among countries is small. our results show that maximum likelihood estimation generates higher elasticity estimates than other ... does not have a significant impact on the elasticity estimates. only a quadratic specification appears to produce higher elasticity estimates than other specifications. a second finding is that ...
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structural estimates equilibrium unemployment six oecd economies pdf
... estimates in this paper confirm these findings. blanchard (1997) finds much higher elasticities of substitution. however, he estimates the elasticity of complementarity (the inverse of the substitution elasticity). this yields an upwardly biassed estimate of the elasticity of substitution, see ...
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