Cointegration analysis is applied to the linear combinations of the time series of (the logarithms of) output, capital … production factors capital, labor, and energy. We find that they are for labor much smaller and for energy much larger than the … cost shares of these factors. In standard economic theory output elasticities equal cost shares. Our heterodox findings …

This paper revisits capital-skill complementarity and inequality, as in Krusell, Ohanian, Rios-Rull and Violante (KORV …. We find strong evidence for continued capital-skill complementarity in the most recent data, and that the model continues …