Do factor shares reflect technology?

This note demonstrates that it is easily possible to compute technological parameters out ot national income acconting data in the presence of bargaining in the labor market. Applying the method to US data, we obtain that the output elasticity with respect to capital exceed 0.5.

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Year of publication:	2005
Authors:	Bental, Benjamin ; Demougin, Dominique M.
Publisher:	Berlin : Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk
Subject:	Factor shares \| Nash bargaining

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Series:	SFB 649 Discussion Paper ; 2005-050
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	512278342 [GVK] hdl:10419/25069 [Handle] RePEc:zbw:sfb649:sfb649dp2005-050 [RePEc]
Classification:	E23 - Production ; E25 - Aggregate Factor Income Distribution
Source:	EconStor

Persistent link: https://www.econbiz.de/10010273757