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In this paper, substitutional relationships between capital, labour, material, electricity, and fossil fuels in German producing and service sectors are estimated using a translog cost function. Estimates are based on a pooled time-series cross-sectional data sample for the period 1978-90 and...
Persistent link: https://www.econbiz.de/10011444715
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In this paper, substitutional relationships between capital, labour, material, electricity, and fossil fuels in German producing and service sectors are estimated using a translog cost function. Estimates are based on a pooled time-series cross-sectional data sample for the period 1978-90 and...
Persistent link: https://www.econbiz.de/10013428329
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 …
Persistent link: https://www.econbiz.de/10011539569
that throughout thisperiod the efficiencies of skilled labor and capitalhave risen. The efficiency of unskilled laborhas …-country evidence, thesechanges are closely associated with changes inthe relative abundance of skilled labor and capital …
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