4 4 Directed technological change with a CES production function Consider the special case when the production function of this model takes the CES form Y (BK) (1 )(A(1 sA sB)L)1 and the equations in (4 12) still apply Follow the same steps as in Section 4 4 to make it likely that sB must equal zero in the long run

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Question: 4.4 Directed technological change with a CES production function Consider the special case when the production function of this model takes the CES form Y

4.4 Directed technological change with a CES production function Consider the special case when the production function of this model takes the CES form Y =

α(BK)ε + (1 − α)(A(1 − sA − sB)L)ε1/ε

and the equations in (4.12) still apply. Follow the same steps as in Section 4.4 to make it likely that sB must equal zero in the long run.

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