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


Autoria(s): Zuleta Gonzalez, Hernando
Data(s)

01/08/2009

Resumo

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.

Formato

application/pdf

Identificador

http://repository.urosario.edu.co/handle/10336/11287

Publicador

Facultad de Economía

Relação

Serie Documentos de Trabajo. No. 67 (Agosto 2009)

https://ideas.repec.org/p/col/000092/005744.html

Direitos

info:eu-repo/semantics/openAccess

Fonte

instname:Universidad del Rosario

reponame:Repositorio Institucional EdocUR

instname:Universidad del Rosario

Palavras-Chave #Economía #Medición - Aspectos económicos #Crecimiento económico #Acciones - Aspectos económicos #330.15 #Factor Shares #Production Function #Measurement
Tipo

info:eu-repo/semantics/book

info:eu-repo/semantics/acceptedVersion