Do Factor Shares Reflect Technology?

This note demonstrates that it is easily possible to compute technological parameters out of national income accounting data in the presence of bargaining in the labor market. Applying the method to US data, we obtain that the output elasticity with respect to capital exceed 0.5.

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Year of publication:	2005-09
Authors:	Bental, Benjamin ; Demougin, Dominique
Institutions:	Sonderforschungsbereich 649: Ökonomisches Risiko, Wirtschaftswissenschaftliche Fakultät
Subject:	Factor Shares \| Nash Bargaining

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Extent:	application/pdf
Series:	SFB 649 Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number SFB649DP2005-050 33 pages
Classification:	E23 - Production ; E25 - Aggregate Factor Income Distribution
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005652738