This note demonstrates that it is easily possible to compute technological parameters out ot national income acconting data in the presence of bargaining in the labor market. Applying the method to US data, we obtain that the output elasticity with respect to capital exceed 0.5. -- Factor shares...

This paper discusses the forecasting performance of alternative factor models based on a large panel of quarterly time series for the german economy. One model extracts factors by static principals components analysis, the other is based on dynamic principal components obtained using frequency...

Cross-country growth regressions have become an increasingly common tool in empirical development research. But these regressions typically do not attempt to distinguish among countries in different stages of development. Two empirical methods are used to test for such differences. Several of...

Aufbauend auf einem von Kaldor 1967 entwickelten Ansatz wird der Einfluss der Industrieproduktion auf das gesamtwirtschaftliche Wachstum untersucht. Eine Querschnittsregression mit Daten für 121 Länder bestätigt im Grundsatz Kaldors These, dass Wachstumsraten des Bruttoinlandsprodukts von...