An empirical note on factor shares

In this study, we propose an explanation for why labor and capital shares do not seem to have a trend: an increasing trend in physical capital share is compensated by a decreasing trend in land share. Similarly, an increasing trend in human capital share is compensated by a decreasing trend in raw l...

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Autor Principal: Zuleta, Hernando
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Universidad del Rosario 2007
Materias:
Acceso en línea:http://repository.urosario.edu.co/handle/10336/10985
id ir-10336-10985
recordtype dspace
spelling ir-10336-109852019-09-19T12:37:01Z An empirical note on factor shares Zuleta, Hernando Economía laboral Rentas Trabajo calificado Desempleo Factor Income Shares Biased Innovations Elasticity of output with respect to factors In this study, we propose an explanation for why labor and capital shares do not seem to have a trend: an increasing trend in physical capital share is compensated by a decreasing trend in land share. Similarly, an increasing trend in human capital share is compensated by a decreasing trend in raw labor share. We also find empirical support for the claim that the elasticity of output with respect to reproducible factors, human and physical capital, is positively correlated with the income level. This result has important implications for economic growth theory and for empirical exercises related to economic growth 2007 2015-10-07T15:59:11Z info:eu-repo/semantics/workingPaper info:eu-repo/semantics/acceptedVersion http://repository.urosario.edu.co/handle/10336/10985 Universidad del Rosario, Facultad de Economía spa info:eu-repo/semantics/openAccess application/pdf Universidad del Rosario Facultad de Economía instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR instname:Universidad del Rosario
institution EdocUR - Universidad del Rosario
collection DSpace
language Español (Spanish)
topic Economía laboral
Rentas
Trabajo calificado
Desempleo
Factor Income Shares
Biased Innovations
Elasticity of output with respect to factors
spellingShingle Economía laboral
Rentas
Trabajo calificado
Desempleo
Factor Income Shares
Biased Innovations
Elasticity of output with respect to factors
Zuleta, Hernando
An empirical note on factor shares
description In this study, we propose an explanation for why labor and capital shares do not seem to have a trend: an increasing trend in physical capital share is compensated by a decreasing trend in land share. Similarly, an increasing trend in human capital share is compensated by a decreasing trend in raw labor share. We also find empirical support for the claim that the elasticity of output with respect to reproducible factors, human and physical capital, is positively correlated with the income level. This result has important implications for economic growth theory and for empirical exercises related to economic growth
format Documento de trabajo (Working Paper)
author Zuleta, Hernando
author_facet Zuleta, Hernando
author_sort Zuleta, Hernando
title An empirical note on factor shares
title_short An empirical note on factor shares
title_full An empirical note on factor shares
title_fullStr An empirical note on factor shares
title_full_unstemmed An empirical note on factor shares
title_sort empirical note on factor shares
publisher Universidad del Rosario
publishDate 2007
url http://repository.urosario.edu.co/handle/10336/10985
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score 11,828437