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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/10011539569

Capital-labor substitution, structural change and growth

Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2016 - This Draft: May 25, 2016

There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...

Persistent link: https://www.econbiz.de/10011482690

Capital-labor substitution, structural change and growth

Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - 2015

There is a growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well-known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand...

Persistent link: https://www.econbiz.de/10010501861

Capital-labor substitution, structural change, and growth

Alvarez-Cuadrado, Francisco; Long, Ngo Van; Poschke, Markus - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 3, pp. 1229-1266

There is growing interest in multisector models that combine aggregate balanced growth, consistent with the well known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...

Persistent link: https://www.econbiz.de/10011744153

Directed Technological Change : A Knowledge-Based Growth Model

Pan, Shiyuan; Zou, Heng-Fu - 2013

average productivity in R&D sectors, scale effect is removed. Hence, the two facts, accelerated skill-biased technological …

Persistent link: https://www.econbiz.de/10014214186

Technological Progress, Artificial Intelligence, and Inclusive Growth

Korinek, Anton; Schindler, Martin; Stiglitz, Joseph - 2022

Advances in artificial intelligence and automation have the potential to be labor-saving and to increase inequality and poverty around the globe. They also give rise to winner-takes-all dynamics that advantage highly skilled individuals and countries that are at the forefront of technological...

Persistent link: https://www.econbiz.de/10013306791

Factor Prices and Technical Change : From Induced Innovations to Recent Debates

Acemoglu, Daron - 2015

This paper revisits the induced innovation literature of the 1960s to which Phelps was a major contributor (Drandakis and Phelps, 1965). This literature was the first systematic study of the determinants of technical change and also the first investigation of the relationship between factor...

Persistent link: https://www.econbiz.de/10014123117

Estimating the Total Factor Productivity in Romanian Economy

Dobrescu, Emilian - 2009

The paper discusses several problems of estimating the total factor productivity used in the Romanian macroeconomic …

Persistent link: https://www.econbiz.de/10013158156

Foreign Direct Investment and Technology Spillover : Evidence Across Indian Manufacturing Industries

Behera, Smruti - 2012

The paper attempts to analyze the spillover effect of Foreign Direct Investment (FDI) across Indian manufacturing industries. Foreign presence by way of FDI brings new channels of technology spillover to the domestic industrial firms in the form of enhanced efficiency and diffusion of knowledge...

Persistent link: https://www.econbiz.de/10013109871

Productivity in the Spanish regions during the recent economic cycles

Sosvilla-Rivero, Simón - 2011 - Very preliminary version, June 2011

behavior of productivity during expansions will be analyzed for twenty production branches by applying the methodology proposed … by Leamer (2007), based on the decomposition of contributions to the growth of the productivity of each of these branches … productivity during recessions as well as those that have created an important stimulus to productivity during expansions. …

Persistent link: https://www.econbiz.de/10011555811