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Another look at panel estimates of the elasticity of substitution between capital and labor
Mello, Marcelo de Albuquerque e - In: Brazilian review of econometrics : BRE ; the review of … 37 (2017) 2, pp. 267-295
Persistent link: https://www.econbiz.de/10011996044
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Steady-state growth and the elasticity of substitution
Irmen, Andreas - 2010 - This version: February 9, 2010.
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 assessment of Klump and de La Grandville (2000) that the...
Persistent link: https://www.econbiz.de/10003931235
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Factor substitution, income distribution, and growth in a generalized neoclassical model
Irmen, Andreas; Klump, Rainer - 2007 - This Version: October 16, 2007
We analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the impact of factor substitution and income distribution...
Persistent link: https://www.econbiz.de/10003592897
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Is substitutability the new efficiency? : endogenous investment in the elasticity of substitution between clean and dirty energy
Stöckl, Fabian - 2020
When analyzing potential ways to counter climate change, standard models of green growth abstract from investment in … fuels can be increased perpetually. However, this is not in line with observed firm investment behavior and the limits to … investment to increase input substitutability, in addition to investment in efficiency. The model predicts that, for a growing …
Persistent link: https://www.econbiz.de/10012257316
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The Frisch Elasticity in the Mercosur Countries : a pseudo-panel approach
González, Roberto; Sala, Hector - In: Development policy review 33 (2015) 1, pp. 107-131
Persistent link: https://www.econbiz.de/10011289365
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Panel data estimates of the production function and product and labor market imperfections
Dobbelaere, Sabien; Mairesse, Jacques - 2010
industry level and the firm level using an unbalanced panel of 10646 French firms in 38 manufacturing industries over the …
Persistent link: https://www.econbiz.de/10011377461
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Capital-energy substitution : evidence from a panel of Irish manufacturing firms
Haller, Stefanie; Hyland, Marie - In: Energy economics 45 (2014), pp. 501-510
Persistent link: https://www.econbiz.de/10010506553
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That elusive elasticity : a long-panel approach to estimating the capital-labor substitution elasticity : presented at CESifo Area Conference on Public Sector Economics, May 2004
Chirinko, Robert S.; Fazzari, Steven M.; Meyer, Andrew P. - 2004
. However, a consensus estimate remains elusive. We develop an estimation strategy that filters panel data in an original way … supply schedules - inherent in investment equations that can bias the estimated elasticity. Results are based on an extensive … panel containing 1,860 manufacturing and non-manufacturing firms. Our model generates a precisely estimated elasticity of …
Persistent link: https://www.econbiz.de/10011450090
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That elusive elasticity : a long-panel approach to estimating the capital-labor substitution elasticity
Chirinko, Robert S.; Fazzari, Steven M.; Meyer, Andrew P. - 2004
. However, a consensus estimate remains elusive. We develop an estimation strategy that filters panel data in an original way … supply schedules - inherent in investment equations that can bias the estimated elasticity. Results are based on an extensive … panel containing 1,860 manufacturing and non-manufacturing firms. Our model generates a precisely estimated elasticity of …
Persistent link: https://www.econbiz.de/10002176992
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Hypothetical intertemporal consumption choices
Kapteyn, Arie; Teppa, Federica - In: The economic journal : the journal of the Royal … 113 (2003), pp. 140-152
Persistent link: https://www.econbiz.de/10001748267