Variable factor shares, measurement and growth accounting

Recent evidence shows that factor shares are not constant. Consequently, growth accounting exercises rely on a false assumption and a measurement problem arises. We propose an empirical methodology to solve the measurement issue and estimate TFP growth.

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Year of publication:	2012
Authors:	Zuleta, Hernando
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 114.2012, 1, p. 91-93
Publisher:	Elsevier
Subject:	Factor shares \| Production function \| Measurement

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Type of publication:	Article
Classification:	O11 - Macroeconomic Analyses of Economic Development ; O30 - Technological Change; Research and Development. General ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010597213