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Consider the so-called constant elasticity of substitution technol- ogy Yt = [aKt^ + bLt^ ] where a, b > 0 and and are nonzero. What
Consider the so-called constant elasticity of substitution technol- ogy Yt = [aKt^ + bLt^ ] where a, b > 0 and and are nonzero. What is the restriction on the parameters that makes the production function be constant returns to scale in Kt and Lt
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