EconPapers    
Economics at your fingertips  
 

Factor Substitution and Productivity in New Zealand

Daan Steenkamp ()

The Economic Record, 2018, vol. 94, issue 304, 64-79

Abstract: This paper produces aggregate and industry estimates of total factor productivity (TFP) for New Zealand. TFP is estimated based on constant elasticity of substitution (CES) production functions that permit varying assumptions about factor augmentation and that allow for industry†specific values of the elasticity of substitution between inputs. The CES approach simultaneously explains changes in labour share and output over time, and provides estimates of the contribution of capital and labour to productivity in New Zealand. The results suggest that negative capital†augmenting technical change in several industries has weighed on productivity in New Zealand.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/1475-4932.12372

Related works:
Working Paper: Factor substitution and productivity in New Zealand (2016) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ecorec:v:94:y:2018:i:304:p:64-79

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0013-0249

Access Statistics for this article

The Economic Record is currently edited by Paul Miller, Glenn Otto and Martin Richardson

More articles in The Economic Record from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-09-25
Handle: RePEc:bla:ecorec:v:94:y:2018:i:304:p:64-79