determinant such as the observed decline in the relative price of new capital goods, or the change in production technology … market augmented by a CES production function that allows firms to substitute between capital and labor at varying degrees … production. We find that the declining relative price of capital and the increase in factor substitutability each causes the …

In a Walrasian labor market, the labor income share is constant under the assumptions of a Cobb-Douglas production …

complementarities in a firm's production function? A simple model demonstrates that this is possible when workers perform their tasks … pairs of players who are most complementary in the production process exert the largest positive spillovers on each other …

capital and labor differs across sectors, a factor rebalancing effect is operative. It tends to make production in the more …

the host country's environmental regulations. Since the pollution haven's effects indicate moving the polluting production … stages from the home country to other (host) countries, we distinguish between investments in the 'production' part from that … in the non-production part using location information about the host country. The main results of the estimation of a FDI …