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.

MoreLess

Year of publication:	2005-09-01
Authors:	Bental, Benjamin ; Demougin, Dominique
Publisher:	Universität <Berlin, Humboldt-Universität>
Subject:	Nash-Gleichgewicht \| Nash equilibrium \| Produktionsfaktor \| Cobb-Douglas-Funktion

Table of Contents
More details

1. Introduction
2. The Model
3. Factor shares and technology parameters
4. Concluding remarks

Persistent link: https://www.econbiz.de/10005858016