Evidence of induced innovation in US Sectoral Capital’s Shares
We use annual data on capital’s share and relative factor prices from 35 US industries from 1960 to 2005 to test the induced innovation hypothesis. We derive, from a production function framework, testable implications for the effect of contemporaneous and lagged factor price ratios on capital’s sha...
| Autores Principales: | , , |
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| Formato: | Documento de trabajo (Working Paper) |
| Lenguaje: | Inglés (English) |
| Publicado: |
Universidad del Rosario
2010
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| Materias: | |
| Acceso en línea: | http://repository.urosario.edu.co/handle/10336/10974 |