**Constant Elasticity of Substitution**(CES) Production Function

# What does **CES** stand for?

**CES** stands for Constant Elasticity of Substitution

This definition appears very frequently and is found in the following Acronym Finder categories:

- Business, finance, etc.

See other **definitions of CES**

Other Resources:

We have 562 other

**meanings of CES**in our Acronym Attic- Abbreviation Database Surfer
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- Confederation of European Scouts
- Conference of European Statisticians (annual; UN Economic Commission for Europe)
- Conical Earth Sensor
- Connecticut Cooperative Extension System
- Connection Endpoint Suffix
- Conseil Economique et Social (French)
- Conseil économique social
- Consejo Economico y Social (Spanish: Economic and Social Council)
- Conservation des Eaux et Sols (French: Conservation of Water and Soil; Nigeria)
- Consolidated Earth Station (FCC)

- Constellation Energy Source
- Construction Electrician (Shop)
- Consultant Evaluation System (New Jersey Department of Transportation.)
- Consulting and Enterprise Solutions (software)
- Consulting Engineering Services (India) Limited
- Consulting Engineers Services Pvt. Ltd.
- Consumer Electronics Show
- Consumer Electronics Society (IEEE)
- Container Examination Station (trade)
- Continuing Education Scholarship

## Samples in periodicals archive:

A production function f is said to satisfy the

**constant elasticity of substitution**property if there exists a nonzero constant [sigma] [member of] R such thatThe model used by Docquier, Ozden, and Peri makes four key assumptions: that aggregate labor is combined with physical capital to produce output, that there is

**constant elasticity of substitution**(CES) at a value ranging from 1.In addition, although substitution elasticities are generally not constant in an optimizing framework, they are often assumed to be constant in applications by using a single aggregate of consumption or a utility function that imposes a

**constant elasticity of substitution**(e.It shows how a utility function with a modified

**constant elasticity of substitution**functional form that exhibits first-order risk aversion can be used for the purpose.Given the assumption of the VES production function (4), it follows that a test of the hypothesis that the production function has

**constant elasticity of substitution**is obtained by a t-test on the least-squares estimator for the coefficient of the logarithm of the capital-labour ratio.Furthermore, in this section we allow the final good's production technology to be of the

**constant elasticity of substitution**(CES) variety and study how the assumed value for the elasticity of substitution between final and intermediate goods affects our results in the steady state.Both employed a nested

**constant elasticity of substitution**(CES) functional form.