studies analyzing the relative capital-skill complementarity hypothesis formulated by GRILICHES (1969). According to this … hypothesis, the degree of substitutability between skilled labor and capital is lower than that for unskilled labor and capital …

comes with the boom. I argue that what I call intertemporal capital substitution in industries close to final consumption …

, distinguishing between information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital …. I assume that the aggregate output is produced using labor and these capital types and allow for differences in the … elasticities of substitution between labor, an aggregate of ICT and IP capital, and traditional capital. The estimated elasticity …

balanced panel of 73 developed and developing countries to examine the capital-skill complementarity hypothesis. The exercise … shows some support for capital-skill complementarity, but the strength of the evidence depends upon the definition of …

Using U.S. manufacturing data, Griliches (1969) found evidence suggesting that capital equipment was more substitutable … for unskilled than skilled labor. Griliches formulated this finding as the capital-skill complementarity hypothesis. The … purpose of this study is to determine whether the capital-skill complementarity framework holds for Ghana manufacturing plants …