Do Factor Shares Reflect Technology?

Benjamin Bental and Dominique Demougin ()

No SFB649DP2005-050, SFB 649 Discussion Papers from Humboldt University, Collaborative Research Center 649

Abstract: This note demonstrates that it is easily possible to compute technological parameters out of national income accounting data in the presence of bargaining in the labor market. Applying the method to US data, we obtain that the output elasticity with respect to capital exceed 0.5.

Keywords: Factor Shares; Nash Bargaining (search for similar items in EconPapers)
JEL-codes: E23 E25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
Date: 2005-09
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Journal Article: Do factor shares reflect technology? (2008)
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