Factor Reallocation and Growth : What if There Are Labor Saving Innovations?

We claim that the standard methodology to study the effects of the reallocation of factors on growth is not adequate in the presence of biased innovations. Labor-saving innovations increase output per worker and may decrease the marginal productivity of labor. Therefore, a reallocation of labor from a sector with higher output per worker to a sector with lower output per worker may be productivity enhancing

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Year of publication:	2019
Authors:	Zuleta, Hernando
Other Persons:	Gamboa, Daniel (contributor)
Publisher:	[2019]: [S.l.] : SSRN
Subject:	Allokation \| Allocation \| Wirtschaftswachstum \| Economic growth \| Theorie \| Theory \| Produktivität \| Productivity \| Schätzung \| Estimation \| Sparen \| Savings

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Extent:	1 Online-Ressource (13 p)
Series:	Documento CEDE ; No. 2019-12
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 6, 2019 erstellt
Other identifiers:	10.2139/ssrn.3410451 [DOI]
Classification:	D33 - Factor Income Distribution ; O11 - Macroeconomic Analyses of Economic Development ; O31 - Innovation and Invention: Processes and Incentives ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; J30 - Wages, Compensation, and Labor Costs. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012867751