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If factor shares are not constant then we have a measurment problem. can we solve it?

Recent evidence show that factor shares, if properly measured, are far from constant. Moreover, the shares of natural resources and raw labor seem to be negatively correlated with income per capita while the share of human and physical capital is positively correlated with income per capita. No...

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Detalles Bibliográficos
Autor Principal: Zuleta, Hernando
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Universidad del Rosario 2009
Materias:
Economía
Medición
Crecimiento económico
Acciones (Bolsa)
Aspectos económicos
Factor Shares
Production Function
Measurement
Acceso en línea:http://repository.urosario.edu.co/handle/10336/11287
id ir-10336-11287
recordtype dspace
spelling ir-10336-112872019-09-19T12:37:01Z If factor shares are not constant then we have a measurment problem. can we solve it? Zuleta, Hernando Economía Economía Medición Crecimiento económico Acciones (Bolsa) Aspectos económicos Factor Shares Production Function Measurement Recent evidence show that factor shares, if properly measured, are far from constant. Moreover, the shares of natural resources and raw labor seem to be negatively correlated with income per capita while the share of human and physical capital is positively correlated with income per capita. Now, if factor shares are not constant then (i) growth accounting exercises rely on a false assumption and (ii) there is a measurement problem. The effect that change s in factor shares ha ve on output depend on the relative abundance of factors and, fo r this reason, it is necessary to have correct measures. We propose an empiri cal methodology to solve the measurement issue and estimate TFP growth. 2009-08 2015-10-16T12:57:05Z info:eu-repo/semantics/workingPaper info:eu-repo/semantics/acceptedVersion http://repository.urosario.edu.co/handle/10336/11287 Universidad del Rosario 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
Economía
Medición
Crecimiento económico
Acciones (Bolsa)
Aspectos económicos
Factor Shares
Production Function
Measurement
spellingShingle Economía
Economía
Medición
Crecimiento económico
Acciones (Bolsa)
Aspectos económicos
Factor Shares
Production Function
Measurement
Zuleta, Hernando
If factor shares are not constant then we have a measurment problem. can we solve it?
description Recent evidence show that factor shares, if properly measured, are far from constant. Moreover, the shares of natural resources and raw labor seem to be negatively correlated with income per capita while the share of human and physical capital is positively correlated with income per capita. Now, if factor shares are not constant then (i) growth accounting exercises rely on a false assumption and (ii) there is a measurement problem. The effect that change s in factor shares ha ve on output depend on the relative abundance of factors and, fo r this reason, it is necessary to have correct measures. We propose an empiri cal methodology to solve the measurement issue and estimate TFP growth.
format Documento de trabajo (Working Paper)
author Zuleta, Hernando
author_facet Zuleta, Hernando
author_sort Zuleta, Hernando
title If factor shares are not constant then we have a measurment problem. can we solve it?
title_short If factor shares are not constant then we have a measurment problem. can we solve it?
title_full If factor shares are not constant then we have a measurment problem. can we solve it?
title_fullStr If factor shares are not constant then we have a measurment problem. can we solve it?
title_full_unstemmed If factor shares are not constant then we have a measurment problem. can we solve it?
title_sort if factor shares are not constant then we have a measurment problem. can we solve it?
publisher Universidad del Rosario
publishDate 2009
url http://repository.urosario.edu.co/handle/10336/11287
_version_ 1645141812314112000
score 12,131701

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