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In many cases, the estimation of the parameters of CES production function is made with the help of Kmenta method. The respective method is frequently criticized especially because of two reasons: the approximation of the parameters is very near on the case of Cobb-Douglas production function and the impact of collinearity on the estimated parameters is usually high. This paper proposes a method to quantify the respective impact considering the values of coefficients of collinear refraction.doi:10.1016/s2212-5671(15)00304-4 fatcat:kkutf4o2fzastoovg7a33bvwza