TY  - JOUR
PY  - 2006//
TI  - Capital-labour substitution in uk armed forces
JO  - Defence and peace economics
A1  - MacDonald, Peter
SP  - 141
EP  - 153
VL  - 17
IS  - 2
N2  - This paper estimates the elasticity of substitution (σ) between military personnel and other military inputs, building on a study by Ridge and Smith published in 1991. The major difference is that this paper uses data on the average military wage, which Ridge and Smith did not, allowing a much more flexible specification of both the demand and supply equations. Accounting for a structural break at the end of the Cold War, it finds σ likely to be some small positive number, much lower than previous estimates suggest.<p /> 
LA  - 
SN  - 1024-2694
UR  - http://dx.doi.org/10.1080/10242690500512236
ID  - ref1
ER  -