In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate … of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the …

In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate … of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the …

Capital-labor substitution and total factor productivity (TFP) estimates are essential features of growth and income … favor of general factor augmentation with a non-negligible capital-augmenting component. Finally, we draw some important …

the particular savings hypothesis. However, if savings out of capital income are substantial so that a certain threshold …

the particular savings hypothesis. However, if savings out of capital income are substantial so that a certain threshold …

dynamics of factor incomes shares, capital deepening and the capital-output ratio. Based on careful data accounting, we also …

contrasted patterns in terms of capital deepening. …

formulate a model of financing. New Keynesian theory emphasizes that a firm's net worth influences investment decisions and … business cycles under an imperfect capital market. We have constructed a dynamic model from the standpoint of post Keynesian … banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle …

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 …

The elasticity of factor substitution between capital and labor is a crucial parameter in many economic fields. However … and 2016, this paper provides the first meta-regression analysis of capital-labor substitution elasticities for the U …