@techreport{NBERt0188,
 title = "A CES Indirect Production Function",
 author = "Boyan Jovanovic",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Technical Working Paper Series",
 number = "188",
 year = "1995",
 month = "October",
 URL = "http://www.nber.org/papers/t0188",
 abstract = {This paper derives an indirect production function that is, in a special case, of a constant elasticity of substitution form.  This is not a contribution to the theory of aggregation generally.  Instead it is a microfoundation for a specific but popular production function -- the CES -- that helps us express the important concept of the elasticity of substitution in terms of more primitive, and more intuitive concepts of the returns to scale.  The paper presents a simple lemma, and then shows that several and diverse applications have a common logical structure: the production function often used in growth theory, the utility function when there is household production, human capital theory, and the concept of the aggregate technology shock.},
}