In this note we shall be concerned with the aggregation of the constant elasticity of substitution (CES) type of production function. In particular we will derive the error made by using the arithmetic averages as they are usually published, rather than the theoretically required averages.
European Economic Review
Erasmus School of Economics

van der Loeff, S. S., & Harkema, R. (1975). A note on aggregation of CES-type production functions. European Economic Review, 97–101. Retrieved from