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 …

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 …

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 …

price and the capital input price is constant). In this paper these results are generalized in three ways: 1) the accounting …

This paper presents results of a meta-regression analysis on empirical estimates of capital-energy substitution … capital-energy substitution, they are almost entirely outweighed by the negative income effect brought about by energy price … pattern does not hold. Our findings therefore suggest that actual changes in the demand for capital due to energy price …