contrasted patterns in terms of capital deepening. …

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 …

various new distortions between private and optimal solution. First, a monopoly distortion effect generates too little capital … accumulation in the private solution because households? gross return per unit of capital will be lower than in the social optimum …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may … is meant to ensure that unemployment is not trended in response to growth in the capital stock, the labor force, or …

studies analyzing the relative capital-skill complementarity hypothesis formulated by GRILICHES (1969). According to this … hypothesis, the degree of substitutability between skilled labor and capital is lower than that for unskilled labor and capital …

The elasticity of substitution between capital and labor (σ) is usually considered a "deep parameter". This paper shows … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases … enhances the substitutability between capital and labor. We also find evidence of a non-significant impact of the capital …

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 …

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 …