Part 1: Aggregate Production Functions Section 3 CES Production and Technological Change¶ Read this section across its overview and subsection pages. Overview Overview Subsection 3.1 Factor-augmenting technological change Subsection 3.2 Input shares and the elasticity of substitution Subsection 3.3 Technology and factor rewards Subsection 3.4 CES Cheatsheet Subsection 3.5 Historical background: why economists introduced CES Back to this Part