The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Prescott, Edward C., 1986.
"Theory ahead of business-cycle measurement,"
Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 25(1), pages 11-44, January.
- Edward C. Prescott, 1986. "Theory ahead of business cycle measurement," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 10(Fall), pages 9-22.
- Edward C. Prescott, 1986. "Theory ahead of business cycle measurement," Staff Report 102, Federal Reserve Bank of Minneapolis.
- anonymous, 1995. "Does the bouncing ball lead to economic growth?," Regional Update, Federal Reserve Bank of Atlanta, issue Jul, pages 1-2,4-6.
- Chirinko, Robert S, 1993.
"Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications,"
Journal of Economic Literature, American Economic Association, vol. 31(4), pages 1875-1911, December.
- Robert S. Chirinko, 1992. "Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications," CESifo Working Paper Series 27, CESifo.
- Caselli, Francesco, 2005.
"Accounting for Cross-Country Income Differences,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 9, pages 679-741,
Elsevier.
- Francesco Caselli, 2004. "Accounting for Cross-Country Income Differences," NBER Working Papers 10828, National Bureau of Economic Research, Inc.
- Francesco Caselli, 2005. "Accounting for Cross-Country Income Differences," CEP Discussion Papers dp0667, Centre for Economic Performance, LSE.
- Caselli, Francesco, 2004. "Accounting for Cross-Country Income Differences," CEPR Discussion Papers 4703, C.E.P.R. Discussion Papers.
- Robert J. Barro, 2013.
"Inflation and Economic Growth,"
Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
- Robert J. Barro, 1995. "Inflation and Economic Growth," NBER Working Papers 5326, National Bureau of Economic Research, Inc.
- Robert J. Barro, 2012. "Inflation and Economic Growth," CEMA Working Papers 568, China Economics and Management Academy, Central University of Finance and Economics.
- Robert S. Chirinko, 1992.
"Business Fixed Investment Spending: A Critical survey of Modeling Strategies, Empirical Results, and Policy Implications,"
Working Papers
9213, Harris School of Public Policy Studies, University of Chicago.
- Robert S. Chirinko, 1993. "Business fixed investment spending: a critical survey of modeling strategies, empirical results, and policy implications," Research Working Paper 93-01, Federal Reserve Bank of Kansas City.
- Christian J. Murray, 2003. "Cyclical Properties of Baxter-King Filtered Time Series," The Review of Economics and Statistics, MIT Press, vol. 85(2), pages 472-476, May.
- Lucas, Robert E, Jr, 1990. "Why Doesn't Capital Flow from Rich to Poor Countries?," American Economic Review, American Economic Association, vol. 80(2), pages 92-96, May.
- Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
- King, Robert G & Rebelo, Sergio T, 1993.
"Transitional Dynamics and Economic Growth in the Neoclassical Model,"
American Economic Review, American Economic Association, vol. 83(4), pages 908-931, September.
- Robert G. King & Sergio T. Rebelo, 1989. "Transitional Dynamics and Economic Growth in the Neoclassical Model," NBER Working Papers 3185, National Bureau of Economic Research, Inc.
- King, R.G. & Rebelo, S.T., 1989. "Transitional Dynamics And Economic Growth In The Neoclassical Model," RCER Working Papers 206, University of Rochester - Center for Economic Research (RCER).
- Hodrick, Robert J & Prescott, Edward C, 1997.
"Postwar U.S. Business Cycles: An Empirical Investigation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(1), pages 1-16, February.
- Robert J. Hodrick & Edward Prescott, 1981. "Post-War U.S. Business Cycles: An Empirical Investigation," Discussion Papers 451, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Thomas Piketty & Gabriel Zucman, 2014.
"Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(3), pages 1255-1310.
- Piketty, Thomas & Zucman, Gabriel, 2013. "Capital is Back: Wealth-Income Ratios in Rich Countries, 1700-2010," CEPR Discussion Papers 9588, C.E.P.R. Discussion Papers.
- Thomas Piketty & Gabriel Zucman, 2014. "Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010," PSE-Ecole d'économie de Paris (Postprint) halshs-01109372, HAL.
- Piketty, Thomas & Zucman, Gabriel, 2014. "Capital is back: wealth-income ratios in rich countries 1700-2010," LSE Research Online Documents on Economics 66106, London School of Economics and Political Science, LSE Library.
- Thomas Piketty & Gabriel Zucman, 2014. "Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010," Post-Print halshs-01109372, HAL.
- Engle, Robert F & Foley, Duncan K, 1975. "An Asset Price Model of Aggregate Investment," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 16(3), pages 625-647, October.
- Lucas, Robert E, Jr, 1980. "Two Illustrations of the Quantity Theory of Money," American Economic Review, American Economic Association, vol. 70(5), pages 1005-1014, December.
- Blackorby, Charles & Russell, R Robert, 1989. "Will the Real Elasticity of Substitution Please Stand Up? (A Comparison of the Allen/Uzawa and Morishima Elasticities)," American Economic Review, American Economic Association, vol. 79(4), pages 882-888, September.
- Kaz Miyagiwa & Chris Papageorgiou, 2003.
"Elasticity of substitution and growth: normalized CES in the Diamond model,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(1), pages 155-165, January.
- Chris Papageorgiou & Kaz Miyagiwa, 2001. "Elasticity of Substitution and Growth: Normalized CES in the Diamond Model," Departmental Working Papers 2001-05, Department of Economics, Louisiana State University.
- Stock, James H & Wright, Jonathan H & Yogo, Motohiro, 2002. "A Survey of Weak Instruments and Weak Identification in Generalized Method of Moments," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(4), pages 518-529, October.
- L. R. Klein & R. F. Kosobud, 1961. "Some Econometrics of Growth: Great Ratios of Economics," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 75(2), pages 173-198.
- Turnovsky, Stephen J. & Smith, William T., 2006.
"Equilibrium consumption and precautionary savings in a stochastically growing economy,"
Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 243-278, February.
- Stephen Turnovsky & William Smith, 2004. "Equilibrium Consumption and Precautionary Savings in a Stochastically Growing Economy," Working Papers UWEC-2006-01-P, University of Washington, Department of Economics, revised Oct 2004.
- Caselli, Francesco, 2005. "Accounting for cross-country income differences," LSE Research Online Documents on Economics 5266, London School of Economics and Political Science, LSE Library.
- Charles I. Jones & Paul M. Romer, 2010.
"The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 2(1), pages 224-245, January.
- Charles I. Jones & Paul M. Romer, 2009. "The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital," NBER Working Papers 15094, National Bureau of Economic Research, Inc.
- Ronald W. Jones & Roy J. Ruffin, 2008.
"Trade and Wages: a Deeper Investigation,"
Review of International Economics, Wiley Blackwell, vol. 16(2), pages 234-249, May.
- Ruffin, Roy J & Ronald W Jones, 2003. "Trade and Wages: A Deeper Investigation," Royal Economic Society Annual Conference 2003 178, Royal Economic Society.
- Stock, James H. & Watson, Mark W., 1999.
"Business cycle fluctuations in us macroeconomic time series,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 1, pages 3-64,
Elsevier.
- James H. Stock & Mark W. Watson, 1998. "Business Cycle Fluctuations in U.S. Macroeconomic Time Series," NBER Working Papers 6528, National Bureau of Economic Research, Inc.
- Engle, Robert & Granger, Clive, 2015.
"Co-integration and error correction: Representation, estimation, and testing,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
- Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-276, March.
- Dale W. Jorgenson & Kevin J. Stiroh, 2000.
"Raising the Speed Limit: U.S. Economic Growth in the Information Age,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
- Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: US Economic Growth in the Information Age," OECD Economics Department Working Papers 261, OECD Publishing.
- Daron Acemoglu & Veronica Guerrieri, 2008.
"Capital Deepening and Nonbalanced Economic Growth,"
Journal of Political Economy, University of Chicago Press, vol. 116(3), pages 467-498, June.
- Daron Acemoglu & Veronica Guerrieri, 2006. "Capital Deepening and Non-Balanced Economic Growth," NBER Working Papers 12475, National Bureau of Economic Research, Inc.
- Daron Acemoglu & Veronica Guerrieri, 2006. "Capital Deepening and Non-Balanced Economic Growth," 2006 Meeting Papers 207, Society for Economic Dynamics.
- White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
- Marianne Baxter & Robert G. King, 1999.
"Measuring Business Cycles: Approximate Band-Pass Filters For Economic Time Series,"
The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 575-593, November.
- Marianne Baxter & Robert G. King, 1995. "Measuring Business Cycles Approximate Band-Pass Filters for Economic Time Series," NBER Working Papers 5022, National Bureau of Economic Research, Inc.
- Brunner, Karl & Meltzer, Allan H., 1986. "Real business cycles, real exchange rates, and actual policies," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 25(1), pages 1-10, January.
- Olivier de La Grandville & Rainer Klump, 2000. "Economic Growth and the Elasticity of Substitution: Two Theorems and Some Suggestions," American Economic Review, American Economic Association, vol. 90(1), pages 282-291, March.
- Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
- Robert S. Chirinko & Steven M. Fazzari & Andrew P. Meyer, 2011. "A New Approach to Estimating Production Function Parameters: The Elusive Capital--Labor Substitution Elasticity," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 29(4), pages 587-594, October.
- Newey, Whitney & West, Kenneth, 2014.
"A simple, positive semi-definite, heteroscedasticity and autocorrelation consistent covariance matrix,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 33(1), pages 125-132.
- Newey, Whitney K & West, Kenneth D, 1987. "A Simple, Positive Semi-definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix," Econometrica, Econometric Society, vol. 55(3), pages 703-708, May.
- Whitney K. Newey & Kenneth D. West, 1986. "A Simple, Positive Semi-Definite, Heteroskedasticity and AutocorrelationConsistent Covariance Matrix," NBER Technical Working Papers 0055, National Bureau of Economic Research, Inc.
- Xavier Sala-I-Martin, 1997.
"Transfers, Social Safety Nets, and Economic Growth,"
IMF Staff Papers, Palgrave Macmillan, vol. 44(1), pages 81-102, March.
- Xavier Sala-i-Martin, 1995. "Transfers, social safety nets and economic growth," Economics Working Papers 139, Department of Economics and Business, Universitat Pompeu Fabra.
- Growiec, Jakub, 2008. "Production functions and distributions of unit factor productivities: Uncovering the link," Economics Letters, Elsevier, vol. 101(1), pages 87-90, October.
- Charles I. Jones, 2005.
"The Shape of Production Functions and the Direction of Technical Change,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 517-549.
- Charles I. Jones, 2004. "The Shape of Production Function and the Direction of Technical Change," NBER Working Papers 10457, National Bureau of Economic Research, Inc.
- Rainer Klump & Peter McAdam & Alpo Willman, 2012.
"The Normalized Ces Production Function: Theory And Empirics,"
Journal of Economic Surveys, Wiley Blackwell, vol. 26(5), pages 769-799, December.
- Klump, Rainer & McAdam, Peter & Willman, Alpo, 2011. "The normalized CES production function: theory and empirics," Working Paper Series 1294, European Central Bank.
- Jakub Growiec, 2008.
"A new class of production functions and an argument against purely labor‐augmenting technical change,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(4), pages 483-502, December.
- Growiec, Jakub, 2006. "A New Class of Production Functions and an Argument Against Purely Labor-Augmenting Technical Change," MPRA Paper 7069, University Library of Munich, Germany.
- GROWIEC, Jakub, 2006. "A new class of production functions and an argument against purely labor-augmenting technical change," LIDAM Discussion Papers CORE 2006056, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Eicher, Theo S & Turnovsky, Stephen J, 1999. "Non-scale Models of Economic Growth," Economic Journal, Royal Economic Society, vol. 109(457), pages 394-415, July.
- Daron Acemoglu, 2003.
"Labor- And Capital-Augmenting Technical Change,"
Journal of the European Economic Association, MIT Press, vol. 1(1), pages 1-37, March.
- Daron Acemoglu, 2000. "Labor- and Capital- Augmenting Technical Change," NBER Working Papers 7544, National Bureau of Economic Research, Inc.
- Miguel A. León-Ledesma & Peter McAdam & Alpo Willman, 2010.
"Identifying the Elasticity of Substitution with Biased Technical Change,"
American Economic Review, American Economic Association, vol. 100(4), pages 1330-1357, September.
- McAdam, Peter & Willman, Alpo & León-Ledesma, Miguel A., 2009. "Identifying the elasticity of substitution with biased technical change," Working Paper Series 1001, European Central Bank.
- Levy, Daniel & Dezhbakhsh, Hashem, 2003.
"International Evidence on Output Fluctuation and Shock Persistence,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 50(7), pages 1499-1530.
- Levy, Daniel & Dezhbakhsh, Hashem, 2003. "International evidence on output fluctuation and shock persistence," Journal of Monetary Economics, Elsevier, vol. 50(7), pages 1499-1530, October.
- Daniel Levy & Hashem Dezhbakhsh, 2002. "International Evidence on Output Fluctuation and Shock Persistence," Working Papers 2002-17, Bar-Ilan University, Department of Economics.
- Daniel Levy & Hashem Dezhbakhsh, 2003. "International evidence on output fluctuation and shock persistence," Post-Print hal-02386526, HAL.
- Daniel Levy & Hashem Dezhbakhsh, 2004. "International Evidence on Output Fluctuation and Shock Persistence," Macroeconomics 0402016, University Library of Munich, Germany.
- James Melvin & Robert Waschik, 2001. "The neoclassical ambiguity in the specific factor model," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 10(3), pages 321-337.
- H. S. Houthakker, 1955. "The Pareto Distribution and the Cobb-Douglas Production Function in Activity Analysis," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 23(1), pages 27-31.
- J. B. Taylor & M. Woodford (ed.), 1999. "Handbook of Macroeconomics," Handbook of Macroeconomics, Elsevier, edition 1, volume 1, number 1.
- Yuhn, Ky-hyang, 1991. "Economic Growth, Technical Change Biases, and the Elasticity of Substitution: A Test of the De La Grandville Hypothesis," The Review of Economics and Statistics, MIT Press, vol. 73(2), pages 340-346, May.
- Rainer Klump & Peter McAdam & Alpo Willman, 2007. "Factor Substitution and Factor-Augmenting Technical Progress in the United States: A Normalized Supply-Side System Approach," The Review of Economics and Statistics, MIT Press, vol. 89(1), pages 183-192, February.
- Mallick, Debdulal, 2012. "The role of the elasticity of substitution in economic growth: A cross-country investigation," Labour Economics, Elsevier, vol. 19(5), pages 682-694.
- J. R. Hicks, 1963. "The Theory of Wages," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-00189-7, March.
- Chirinko, Robert S. & Mallick, Debdulal, 2011. "Cointegration, factor shares, and production function parameters," Economics Letters, Elsevier, vol. 112(2), pages 205-206, August.
- Caballero, Ricardo J, 1994. "Small Sample Bias and Adjustment Costs," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 52-58, February.
- F. A. Lutz, 1961. "The Theory of Capital," International Economic Association Series, Palgrave Macmillan, number 978-1-349-08452-4 edited by D. C. Hague, December.
- Caselli, Francesco, 2005. "Accounting for cross-country income differences," LSE Research Online Documents on Economics 3567, London School of Economics and Political Science, LSE Library.
- Turnovsky, Stephen J., 2002. "Intertemporal and intratemporal substitution, and the speed of convergence in the neoclassical growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 26(9-10), pages 1765-1785, August.
- Chirinko, Robert S. & Fazzari, Steven M. & Meyer, Andrew P., 2011. "A New Approach to Estimating Production Function Parameters: The Elusive Capital–Labor Substitution Elasticity," Journal of Business & Economic Statistics, American Statistical Association, vol. 29(4), pages 587-594.
- Nicholas Kaldor, 1961. "Capital Accumulation and Economic Growth," International Economic Association Series, in: D. C. Hague (ed.), The Theory of Capital, chapter 0, pages 177-222, Palgrave Macmillan.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- George Sorg-Langhans & Clemens Struck & Adnan Velic, 2017. "On the Factor Content of Trade," Trinity Economics Papers tep0817, Trinity College Dublin, Department of Economics, revised Jan 2018.
- Arjun Jayadev & Amay Narayan, 2020. "The Evolution of India's Industrial Labour Share and its Correlates," Development and Change, International Institute of Social Studies, vol. 51(4), pages 998-1017, July.
- Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2017.
"Balanced Growth Despite Uzawa,"
American Economic Review, American Economic Association, vol. 107(4), pages 1293-1312, April.
- Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, "undated". "Balanced Growth Despite Uzawa," Working Paper 470456, Harvard University OpenScholar.
- Grossman, Gene M. & Helpman, Elhanan & Oberfield, Ezra & Sampson, Thomas, 2017. "Balanced growth despite Uzawa," LSE Research Online Documents on Economics 68310, London School of Economics and Political Science, LSE Library.
- Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2016. "Balanced Growth Despite Uzawa," Working Paper 346746, Harvard University OpenScholar.
- Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2016. "Balanced growth despite Uzawa," CEP Discussion Papers dp1403, Centre for Economic Performance, LSE.
- Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2016. "Balanced Growth Despite Uzawa," NBER Working Papers 21861, National Bureau of Economic Research, Inc.
- Helpman, Elhanan & Grossman, Gene & Sampson, Thomas & Oberfield, Ezra, 2016. "Balanced Growth Despite Uzawa," CEPR Discussion Papers 11063, C.E.P.R. Discussion Papers.
- Grossman, Gene M. & Helpman, Elhanan & Oberfield, Ezra & Sampson, Thomas, 2016. "Balanced growth despite Uzawa," LSE Research Online Documents on Economics 66414, London School of Economics and Political Science, LSE Library.
- Gene Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2016. "Balanced Growth Despite Uzawa," CESifo Working Paper Series 5774, CESifo.
- Thomas Sampson & Ezra Oberfield & Elhanan Helpman & Gene Grossman, 2016. "Balanced Growth Despite Uzawa," 2016 Meeting Papers 120, Society for Economic Dynamics.
- Guschanski, Alexander & Onaran, Özlem, 2018. "The labour share and financialisation: Evidence from publicly listed firms," Greenwich Papers in Political Economy 19371, University of Greenwich, Greenwich Political Economy Research Centre.
- Robert Z. Lawrence, 2015.
"Recent Declines in Labor's Share in US Income: A Preliminary Neoclassical Account,"
NBER Working Papers
21296, National Bureau of Economic Research, Inc.
- Lawrence Robert Z., 2015. "Recent Declines in Labor's Share in U.S. Income: A Preliminary Neoclassical Account," Working Paper Series rwp15-034, Harvard University, John F. Kennedy School of Government.
- Robert Z. Lawrence, 2015. "Recent Declines in Labor's Share in US Income: A Preliminary Neoclassical Account," Working Paper Series WP15-10, Peterson Institute for International Economics.
- Szomolányi, Karol & Lukáčik, Martin & Lukáčiková, Adriana, 2018. "Elasticity of Substitution in Post-Communist Economies," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2018), Split, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Split, Croatia, 6-8 September 2018, pages 105-111, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
- Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2021.
"Endogenous Education and Long-Run Factor Shares,"
American Economic Review: Insights, American Economic Association, vol. 3(2), pages 215-232, June.
- Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2020. "Endogenous Education and Long-Run Factor Shares," NBER Working Papers 27031, National Bureau of Economic Research, Inc.
- Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2020. "Endogenous Education and Long-Run Factor Shares," Working Papers 2020-15, Princeton University. Economics Department..
- Grossman, Gene M. & Helpman, Elhanan & Oberfield, Ezra & Sampson, Thomas, 2021. "Endogenous education and long-run factor shares," LSE Research Online Documents on Economics 106968, London School of Economics and Political Science, LSE Library.
- Gene M Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2020. "Endogenous Education and Long-Run Factor Shares," Working Papers 268, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Sharon Belenzon & Ulya Tsolmon, 2016. "Market frictions and the competitive advantage of internal labor markets," Strategic Management Journal, Wiley Blackwell, vol. 37(7), pages 1280-1303, July.
- Dilip Mookherjee & Debraj Ray, 2022.
"Growth, Automation and the Long-Run Share of Labor,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 1-26, October.
- Mookherjee, Dilip & Ray, Debraj, 2020. "Growth, Automation and the Long Run Share of Labor," CEPR Discussion Papers 14286, C.E.P.R. Discussion Papers.
- Debraj Ray & Dilip Mookherjee, 2020. "Growth, Automation and the Long Run Share of Labor," NBER Working Papers 26658, National Bureau of Economic Research, Inc.
- Debraj Ray & Dilip Mookherjee, 2020. "Growth, Automation, and the Long-Run Share of Labor," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-347, Boston University - Department of Economics.
- Clemens Struck & Adnan Velic, 2017. "To Augment Or Not To Augment? A Conjecture On Asymmetric Technical Change," Trinity Economics Papers tep0117, Trinity College Dublin, Department of Economics.
- Daron Acemoglu & James A. Robinson, 2015.
"The Rise and Decline of General Laws of Capitalism,"
Journal of Economic Perspectives, American Economic Association, vol. 29(1), pages 3-28, Winter.
- Daron Acemoglu & James A. Robinson, 2014. "The Rise and Decline of General Laws of Capitalism," NBER Working Papers 20766, National Bureau of Economic Research, Inc.
- Alexander Guschanski & Özlem Onaran, 2018.
"Determinants of the Wage Share: A Cross-country Comparison Using Sectoral Data,"
CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 19(02), pages 44-54, July.
- Guschanski, Alexander & Onaran, Özlem, 2016. "Determinants of the wage share: a cross-country comparison using sectoral data," Greenwich Papers in Political Economy 15847, University of Greenwich, Greenwich Political Economy Research Centre.
- Szomolányi, Karol & Lukáčik, Martin & Lukáčiková, Adriana, 2017. "Long-Run Elasticity of the Substitution in the Slovak Economy," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2017), Dubrovnik, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Dubrovnik, Croatia, 7-9 September 2017, pages 228-232, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
- Brueckner, Markus, 2017.
"Rent extraction by capitalists,"
European Journal of Political Economy, Elsevier, vol. 50(C), pages 157-170.
- Markus Brueckner, 2016. "Rent Extraction by Capitalists," ANU Working Papers in Economics and Econometrics 2016-634, Australian National University, College of Business and Economics, School of Economics.
- Markus Brueckner, 2016. "Rent extraction by capitalists," CAMA Working Papers 2016-20, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Obregon, Carlos, 2015. "Piketty is wrong," MPRA Paper 64593, University Library of Munich, Germany.
- Li, Defu & Benjamin, Bental, 2021. "Factor Supply Elasticities, Returns to Scale, and the Direction of Technological Progress," MPRA Paper 109920, University Library of Munich, Germany.
- Hector Sala & Pedro Trivín, 2018.
"The effects of globalization and technology on the elasticity of substitution,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 154(3), pages 617-647, August.
- Sala, Hector & Trivín, Pedro, 2017. "The Effects of Globalization and Technology on the Elasticity of Substitution," IZA Discussion Papers 10898, Institute of Labor Economics (IZA).
- Mallick, Debdulal, 2015. "Elusive Relationship between Business-cycle Volatility and Long-run Growth," MPRA Paper 64502, University Library of Munich, Germany.
- Milić Milovanović, 2015. "Thomas Piketty’s Capitalism Revisited," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 62(5), pages 663-677, December.
- Knoblach, Michael & Rößler, Martin & Zwerschke, Patrick, 2016. "The Elasticity of Factor Substitution Between Capital and Labor in the U.S. Economy: A Meta-Regression Analysis," CEPIE Working Papers 03/16, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
- Dilip Mookherjee & Debraj Ray, 2022.
"Growth, Automation and the Long-Run Share of Labor,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 1-26, October.
- Dilip Mookherjee & Debraj Ray, 2021. "Online Appendix to "Growth, Automation and the Long-Run Share of Labor"," Online Appendices 21-148, Review of Economic Dynamics.
- repec:ces:ifofor:v:19:y:2018:i:2:p:44-54 is not listed on IDEAS
- Mello, Marcelo de Albuquerque e, 2017. "Another Look at Panel Estimates of the Elasticity of Substitution between Capital and Labor," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 37(2), November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Robert S. Chirinko & Debdulal Mallick, 2017. "The Substitution Elasticity, Factor Shares, and the Low-Frequency Panel Model," American Economic Journal: Macroeconomics, American Economic Association, vol. 9(4), pages 225-253, October.
- Michael Knoblach & Fabian Stöckl, 2020.
"What Determines The Elasticity Of Substitution Between Capital And Labor? A Literature Review,"
Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 847-875, September.
- Knoblach, Michael & Stöckl, Fabian, 2019. "What determines the elasticity of substitution between capital and labor? A literature review," CEPIE Working Papers 01/19, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
- Michael Knoblach & Fabian Stöckl, 2019. "What Determines the Elasticity of Substitution between Capital and Labor? A Literature Review," Discussion Papers of DIW Berlin 1784, DIW Berlin, German Institute for Economic Research.
- Mallick, Debdulal, 2012. "The role of the elasticity of substitution in economic growth: A cross-country investigation," Labour Economics, Elsevier, vol. 19(5), pages 682-694.
- Chirinko, Robert S., 2008. "[sigma]: The long and short of it," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 671-686, June.
- Growiec, Jakub & McAdam, Peter & Mućk, Jakub, 2018.
"Endogenous labor share cycles: Theory and evidence,"
Journal of Economic Dynamics and Control, Elsevier, vol. 87(C), pages 74-93.
- Peter McAdam & Jakub Muck & Jakub Growiec, 2015. "Endogenous Labor Share Cycles: Theory and Evidence," 2015 Meeting Papers 62, Society for Economic Dynamics.
- Jakub Growiec & Peter McAdam & Jakub Muck, 2016. "Endogenous Labor Share Cycles: Theory and Evidence," KAE Working Papers 2016-015, Warsaw School of Economics, Collegium of Economic Analysis.
- McAdam, Peter & Muck, Jakub & Growiec, Jakub, 2015. "Endogenous labor share cycles: theory and evidence," Working Paper Series 1765, European Central Bank.
- Rainer Klump & Peter McAdam & Alpo Willman, 2012.
"The Normalized Ces Production Function: Theory And Empirics,"
Journal of Economic Surveys, Wiley Blackwell, vol. 26(5), pages 769-799, December.
- Klump, Rainer & McAdam, Peter & Willman, Alpo, 2011. "The normalized CES production function: theory and empirics," Working Paper Series 1294, European Central Bank.
- Mallick, Debdulal, 2010. "Capital-labor substitution and balanced growth," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1131-1142, December.
- Temple, Jonathan, 2012.
"The calibration of CES production functions,"
Journal of Macroeconomics, Elsevier, vol. 34(2), pages 294-303.
- Jonathan R. W. Temple, 2008. "The Calibration of CES Production Functions," Bristol Economics Discussion Papers 08/606, School of Economics, University of Bristol, UK.
- Robert Z. Lawrence, 2015.
"Recent Declines in Labor's Share in US Income: A Preliminary Neoclassical Account,"
Working Paper Series
WP15-10, Peterson Institute for International Economics.
- Robert Z. Lawrence, 2015. "Recent Declines in Labor's Share in US Income: A Preliminary Neoclassical Account," NBER Working Papers 21296, National Bureau of Economic Research, Inc.
- Lawrence Robert Z., 2015. "Recent Declines in Labor's Share in U.S. Income: A Preliminary Neoclassical Account," Working Paper Series rwp15-034, Harvard University, John F. Kennedy School of Government.
- Growiec, Jakub & Mućk, Jakub, 2020.
"Isoelastic Elasticity Of Substitution Production Functions,"
Macroeconomic Dynamics, Cambridge University Press, vol. 24(7), pages 1597-1634, October.
- Jakub Growiec & Jakub Muck, 2015. "Isoelastic Elasticity of Substitution Production Functions," Discussion Papers 15-13, University of Copenhagen. Department of Economics.
- Jakub Growiec, 2015. "Isoelastic elasticity of substitution production functions," NBP Working Papers 201, Narodowy Bank Polski.
- Jakub Growiec & Jakub Muck, 2016. "Isoelastic Elasticity of Substitution Production Functions," KAE Working Papers 2016-001, Warsaw School of Economics, Collegium of Economic Analysis.
- Kemnitz, Alexander & Knoblach, Michael, 2020. "Endogenous sigma-augmenting technological change: An R&D-based approach," CEPIE Working Papers 02/20, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
- Growiec, Jakub, 2013.
"Factor-augmenting technology choice and monopolistic competition,"
Journal of Macroeconomics, Elsevier, vol. 38(PA), pages 86-94.
- Jakub Growiec, 2012. "Factor-augmenting technology choice and monopolistic competition," NBP Working Papers 129, Narodowy Bank Polski.
- Jakub Growiec, 2012. "Factor-Augmenting Technology Choice and Monopolistic Competition," DEGIT Conference Papers c017_038, DEGIT, Dynamics, Economic Growth, and International Trade.
- Knoblach, Michael & Rößler, Martin & Zwerschke, Patrick, 2016. "The Elasticity of Factor Substitution Between Capital and Labor in the U.S. Economy: A Meta-Regression Analysis," CEPIE Working Papers 03/16, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
- Gómez, Manuel A., 2008. "Dynamics Of The Saving Rate In The Neoclassical Growth Model With Ces Production," Macroeconomic Dynamics, Cambridge University Press, vol. 12(2), pages 195-210, April.
- Paul E. Brockway & Matthew K. Heun & João Santos & John R. Barrett, 2017. "Energy-Extended CES Aggregate Production: Current Aspects of Their Specification and Econometric Estimation," Energies, MDPI, vol. 10(2), pages 1-23, February.
- Dongya Koh & Raül Santaeulàlia-Llopis, 2017.
"Countercyclical Elasticity of Substitution,"
Working Papers
946, Barcelona School of Economics.
- Koh, Dongya & Santaeulà lia-Llopis, Raül, 2022. "Countercyclical Elasticity of Substitution," CEPR Discussion Papers 17246, C.E.P.R. Discussion Papers.
- Miguel A León-Ledesma & Peter McAdam & Alpo Willman, 2012. "Non-Balanced Growth and Production Technology Estimation," Studies in Economics 1204, School of Economics, University of Kent.
- Akaev, Askar & Devezas, Tessaleno & Ichkitidze, Yuri & Sarygulov, Askar, 2021. "Forecasting the labor intensity and labor income share for G7 countries in the digital age," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
- Sebastian Gechert & Tomas Havranek & Zuzana Irsova & Dominika Kolcunova, 2022.
"Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 45, pages 55-82, July.
- Havranek, Tomas & Gechert, Sebastian & Irsova, Zuzana & Kolcunova, Dominika, 2021. "Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias," CEPR Discussion Papers 15687, C.E.P.R. Discussion Papers.
- Sebastian Gechert & Tomas Havranek & Zuzana Irsova & Dominika Kolcunova, 2021. "Online Appendix to "Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias"," Online Appendices 20-200, Review of Economic Dynamics.
- Sebastian Gechert & Tomas Havranek & Zuzana Irsova & Dominika Kolcunova, 2021. "Code and data files for "Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias"," Computer Codes 20-200, Review of Economic Dynamics.
- Gregory Casey & Ryo Horii, 2019.
"A Multi-factor Uzawa Growth Theorem and Endogenous Capital-Augmenting Technological Change,"
ISER Discussion Paper
1051, Institute of Social and Economic Research, Osaka University.
- Gregory Casey & Ryo Horii, 2019. "A Multi-factor Uzawa Growth Theorem and Endogenous Capital-Augmenting Technological Change," 2019 Meeting Papers 1458, Society for Economic Dynamics.
More about this item
Keywords
substitution elasticity; labor income share; long-run growth; low-pass filter; production function parameters;All these keywords.
JEL classification:
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_4895. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/cesifde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.