ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Branch Banking and Banking Growth, 1955-1968

tution does not allow for its direct calculation. To evolve some estimation methods we, therefore, assume constant elasticity of substitution. No doubt, this type of assumption is a restriction on the form of production possibilities, but to arrive at some estimates we have to have the precise nature of the elasticity of substitution.

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