Search Results - subject:"augmenting technical change"

In dubio pro CES - Supply estimation with mis-specified technical change

León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - 2010

Capital-labor substitution and total factor productivity (TFP) estimates are essential features of growth and income distribution models. In the context of a Monte Carlo exercise embodying balanced and near balanced growth, we demonstrate that the estimation of the substitution elasticity can be...

Persistent link: https://www.econbiz.de/10011605221

Factor-augmenting technical change: An empirical assessment

De Cian, Enrica; Carraro, Carlo - 2009

Starting from a system of factor demands, an empirical model that allows estimating factor-augmenting technical change … is derived. Factor-augmenting technical change is defined as the improvement in factor productivities that can occur … factor-augmenting technical change, an issue that has not yet been explored by the empirical literature on growth …

Persistent link: https://www.econbiz.de/10010279514

Identifying the elasticity of substitution with biased technical change

León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - European Central Bank - 2009

Despite being critical parameters in many economic fields, the received wisdom, in theoretical and empirical literatures, states that joint identification of the elasticity of capital-labor substitution and technical bias is infeasible. This paper challenges that pessimistic interpretation....

Persistent link: https://www.econbiz.de/10005002765

Factor-Augmenting Technical Change: An Empirical Assessment

Cian, Enrica De - Fondazione ENI Enrico Mattei (FEEM) - 2009

Persistent link: https://www.econbiz.de/10005012140

Identifying the elasticity of substitution with biased technical change

León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - 2009

Persistent link: https://www.econbiz.de/10011605047

Information age to genetic revolution: Embodied technology transfer and assimilation — A tale of two technologies

Das, Gouranga Gopal - Volkswirtschaftliche Fakultät, … - 2005

In this paper, a fifteen regions–fifteen sectors global Computable General Equilibrium (CGE) model is calibrated. It offers quantitative enumeration of 5% exogenous biotechnological invention in USA in genetically modified crops namely, maize grains and soybean. Consequently, it results in...

Persistent link: https://www.econbiz.de/10011260603

Non-Balanced Growth and Production Technology Estimation

León-Ledesma, Miguel A; McAdam, Peter; Willman, Alpo - School of Economics, University of Kent - 2012

Capital-labor substitution and TFP estimates are essential features of many economic models. Such models typically embody a balanced growth path. This often leads researchers to estimate models imposing stringent prior choices on technical change. We demonstrate that estimation of the...

Persistent link: https://www.econbiz.de/10010859411