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In dubio pro CES : supply estimation with mis-specified technical change
León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - 2010
Capital-labor substitution and total factor productivity (TFP) estimates are essential features of growth and income …
Persistent link: https://www.econbiz.de/10003972670
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In dubio pro CES - Supply estimation with mis-specified technical change
León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - 2010
Capital-labor substitution and total factor productivity (TFP) estimates are essential features of growth and income …
Persistent link: https://www.econbiz.de/10011605221
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Capital-Task Complementarity and the Decline of the U.S. Labor Share of Income
Orak, Musa - 2017
This paper provides evidence that shifts in the occupational composition of the U.S. workforce are the most important factor explaining the trend decline in the labor share over the past four decades. Estimates suggest that while there is unitary elasticity between equipment capital and...
Persistent link: https://www.econbiz.de/10014122283
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The elasticity of factor substitution between capital and labor in the U.S. economy : a meta-regression analysis
Knoblach, Michael; Rößler, Martin; Zwerschke, Patrick - 2016
The elasticity of factor substitution between capital and labor is a crucial parameter in many economic fields. However, despite extensive research, there is no agreement on its value. Utilizing 738 estimates from 41 studies published between 1961 and 2016, this paper provides the first...
Persistent link: https://www.econbiz.de/10011541283
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Tales from Two Neighbors Productivity Growth in Canada and the United States
Cerisola, Martin D. - 2006
This paper assesses productivity trends in Canada vis-a-vis the United States from two perspectives. The first one is … based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment … underlying cause of the pickup in productivity in Canada and the narrowing of the productivity gap with the United States …
Persistent link: https://www.econbiz.de/10012782678
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Innovation, Firm Size and the Canada-U.S. Productivity Gap
Ranasinghe, Ashantha - 2017
This paper evaluates the importance of innovation spending for understanding Canada-U.S. firm size and productivity … productivity, closely in line with the evidence. Differences in innovation costs account for the majority of firm size and … productivity differences, while fairly modest differences in regulatory burden translate to sizeable aggregate losses because they …
Persistent link: https://www.econbiz.de/10012948000
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Productivity Differences : The Importance of Intra-State Black/White Schooling Differences Across the United States, 1840-2000
Turner, Chad; Tamura, Robert; Mulholland, Sean E. - 2008
productivity (TFP). We continue this line of work by documenting the importance of TFP differences in explaining cross sectional …
Persistent link: https://www.econbiz.de/10014220382
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How Important are Human Capital, Physical Capital and Total Factor Productivity for Determining State Economic Growth in the United States, 1840-2000?
Turner, Chad; Tamura, Robert; Mulholland, Sean E. - 2008
and to estimate the contribution of aggregate input growth and total factor productivity (TFP) growth to income growth …
Persistent link: https://www.econbiz.de/10014225089
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Engines of Growth in the U.S. Economy
ten Raa, Thijs; Wolff, Edward N. - 2015
There is good reason to believe that R&D influences on TFP growth in other sectors are indirect. For R&D to spill over, it must first be successful in the home sector. Indeed, observed spillovers conform better to TFP growth than to R&D in the upstream sectors. Sectoral TFP growth rates are thus...
Persistent link: https://www.econbiz.de/10014145003
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One of the Things We Know that Ain't so : Is U.S. Labor's Share Relatively Stable?
Young, Andrew T. - 2006
Robert Solow (1958) argued that, from 1929-1954, U.S. aggregate labor's share was not stable relative to what we would expect given individual industry labor's shares. I confirm and extend this result using data from 1958-1996 that includes 35 industries (roughly 2-digit SIC level) and spans the...
Persistent link: https://www.econbiz.de/10014067450