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This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of … here is used to identify neutralities or nonneutralities between different heterogeneous capital and labor inputs. Owing to … the remaining parameters. Due to the detailed data, specific types of biased technological change in heterogeneous capital …
Persistent link: https://www.econbiz.de/10012726102
We show that the large elasticity of substitution between capital and labor estimated in the literature on average, 0 … capital. The mean elasticity conditional on the absence of publication bias, disaggregated data, and inclusion of informa …- tion from the first-order condition for capital is 0.3. To obtain this result, we collect 3,186 estimates of the elasticity …
Persistent link: https://www.econbiz.de/10012063829
We show that the large elasticity of substitution between capital and labor estimated in the literature on average, 0 … capital. The mean elasticity conditional on the absence of publication bias, disaggregated data, and inclusion of information … from the first-order condition for capital is 0.3. To obtain this result, we collect 3,186 estimates of the elasticity …
Persistent link: https://www.econbiz.de/10012098862
We show that the large elasticity of substitution between capital and labor estimated in the literature on average, 0 … capital. The mean elasticity conditional on the absence of publication bias, disaggregated data, and inclusion of information … from the first-order condition for capital is 0.3. To obtain this result, we collect 3,186 estimates of the elasticity …
Persistent link: https://www.econbiz.de/10012104517
price and the capital input price is constant). In this paper these results are generalized in three ways: 1) the accounting …
Persistent link: https://www.econbiz.de/10014080585
Caves, Christensen, Diewert introduced Malmquist output, input and productivity indexes into production theory in a systematic way. This paper revisits the debate on how to decompose Bjurek's concept of a Malmquist productivity index into explanatory factors, with a focus on extracting technical...
Persistent link: https://www.econbiz.de/10013051762
Persistent link: https://www.econbiz.de/10011999687
construction of productivity indexes. It covers approaches for measuring output, labour and capital and highlights persistent and …
Persistent link: https://www.econbiz.de/10012175879
Part I Productivity Measurement -- 1. Productivity Measurement – Past, Present and Future -- 2. Symmetric Decompositions of Aggregate Output and Labour Productivity Growth: On Levels, (Non-) Additivity, and Misallocation -- 3. Efficiency Analysis with Stochastic Frontier Models using Popular...
Persistent link: https://www.econbiz.de/10013392531
This short article contributes to the Elgar Encyclopedia of Public Choice by summarizing the literature on the measurement of democracy. I proceed in two step. In the first part, I describe the classical approach for producing a measure of democracy and sketch an alternative approach. The second...
Persistent link: https://www.econbiz.de/10013469849