balanced panel of 73 developed and developing countries to examine the capital-skill complementarity hypothesis. The exercise … shows some support for capital-skill complementarity, but the strength of the evidence depends upon the definition of …

substitutability relationship between unskilled workers and OCM capital in manufacturing industries. In the non-manufacturing sector …, however, we find some evidence for substitutability between OCM capital and unskilled workers. …

Using U.S. manufacturing data, Griliches (1969) found evidence suggesting that capital equipment was more substitutable … for unskilled than skilled labor. Griliches formulated this finding as the capital-skill complementarity hypothesis. The … purpose of this study is to determine whether the capital-skill complementarity framework holds for Ghana manufacturing plants …

capital and skill are substitutes in aggregate production. …

shifts by (observable) changes in the capital stock under a capital-skill complementarity technology. The results show that … stock of capital, the KORV model predicts that the skillpremium will remain between -5% and +5% of its 1996 level. …

This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take … increases (decreases) the incentives to participate in higher education in capital-importing (-exporting) economies, all other …. Using foreign direct investment (FDI) as a measure for capital flows, we present empirical evidence which largely confirms …

Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a …, employment, and capital equations largely corroborate the implications of the behavioral models of the two types of enterprise …

covers the period 1993-2005. The estimates indicate that it is advantageous to adjust the stock of labour and capital … simultaneously. The cost advantage of simultaneous changes is small for capital but is large for labour. The empirical results …