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The elasticity of factor substitution between capital and labor in the U.S. economy : a meta-regression analysis

Knoblach, Michael; Rößler, Martin; Zwerschke, Patrick - 2016

The elasticity of factor substitution between capital and labor is a crucial parameter in many economic fields. However …, we estimate a long-run elasticity in the range of 0.6 to 0.7. For all estimated elasticities the hypothesis of a Cobb …

Persistent link: https://www.econbiz.de/10011541283

On the elasticity of substitution between labor and ICT and IP capital and traditional capital

Jerbashian, Vahagn - 2024

elasticities of substitution between labor, an aggregate of ICT and IP capital, and traditional capital. The estimated elasticity … income share. The imputed labor-aggregate capital elasticity exceeds 1, rising from 1996 to 2008 and falling afterward. …

Persistent link: https://www.econbiz.de/10015163628

The role of factor substitution and technical progress in China's great expansion

Manu, Ana-Simona; McAdam, Peter; Willman, Alpo - 2018

the elasticity of factor substitution and the time-varying pattern of factor-saving technical change. The latter we relate … technical progress, the above-unity elasticity of substitution can be a source of growth (the ‘de La Grandville hypothesis’). We …

Persistent link: https://www.econbiz.de/10011904381

Capital-Labor-Energy Substitution in Nested CES Production Functions for China

Shen, Keting - 2013

substitution elasticity between capital and labor for China is below unity. When human capital adjusted labor is used as input … instead of unadjusted raw labor, estimates of substitution elasticity between capital and labor become lower. By considering …

Persistent link: https://www.econbiz.de/10012459557

Energy-Saving Technical Change

Hassler, John - 2012

We estimate an aggregate production function with constant elasticity of substitution between energy and a capital …

Persistent link: https://www.econbiz.de/10012460204

How sectoral technical progress and factor substitution shaped Japan's structural transformation?

Manu, Ana-Simona - 2022

factors and sectors, but also heterogeneity in the sectoral elasticity of substitution between capital and labor. The fact …

Persistent link: https://www.econbiz.de/10012818759

The Price of Capital, Factor Substitutability, and Corporate Profits

Hergovich, Philipp - 2018

The capital-to-labor ratio has steadily risen in the U.S. and elsewhere during the post-WWII period. Since the 1970s this rise has been accompanied by a rise in the level and variability of corporate profits whereas the labor share of income has declined. In this paper we ask whether these...

Persistent link: https://www.econbiz.de/10012911171

Energy-Saving Technical Change

Hassler, John - 2014

We estimate an aggregate production function with constant elasticity of substitution between energy and a capital …

Persistent link: https://www.econbiz.de/10013065268

Shocking Stuff : Technology, Hours, and Factor Substitution

Cantore, Cristiano - 2010

-augmentation nature of the shock, the elasticity of factor substitution, the capital income share, and the reaction of consumption. The …

Persistent link: https://www.econbiz.de/10013135284

How constant is constant elasticity of substitution? : endogenous substitution between clean and dirty energy

Jo, Ara; Miftakhova, Alena - 2022

optimal environmental policy. Despite the importance, a constant and exogenous elasticity of substitution has been a dominant … theoretical approach. We challenge this assumption by developing a dynamic general equilibrium model with an endogenous elasticity …

Persistent link: https://www.econbiz.de/10013162794