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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
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dc.contributor.author | Chirinko, Robert S. | en |
dc.contributor.author | Fazzari, Steven M. | en |
dc.contributor.author | Meyer, Andrew P. | en |
dc.date.accessioned | 2009-01-28T15:53:31Z | - |
dc.date.available | 2009-01-28T15:53:31Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/18879 | - |
dc.description.abstract | The elasticity of substitution between capital and labor features prominently in several areasof economic research. However, a consensus estimate remains elusive. We develop anestimation strategy that filters panel data in an original way and avoids several pitfalls -difficult-to-specify dynamics, transitory time-series variation, and positively sloped supplyschedules - inherent in investment equations that can bias the estimated elasticity. Results arebased on an extensive panel containing 1,860 manufacturing and non-manufacturing firms.Our model generates a precisely estimated elasticity of approximately 0.40. The methoddeveloped here may prove useful in estimating other structural parameters from paneldatasets. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1240 | en |
dc.subject.jel | E22 | en |
dc.subject.jel | H32 | en |
dc.subject.ddc | 330 | en |
dc.subject.stw | Kapital | en |
dc.subject.stw | Arbeit | en |
dc.subject.stw | Faktorsubstitution | en |
dc.subject.stw | Substitutionselastizität | en |
dc.subject.stw | Panel | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Vereinigte Staaten | en |
dc.title | That elusive elasticity : a long-panel approach to estimating the capital-labor substitution elasticity | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 856722391 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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