Variable factor shares, measurement and growth accounting

Hernando Zuleta

Economics Letters, 2012, vol. 114, issue 1, 91-93

Abstract: Recent evidence shows that factor shares are not constant. Consequently, growth accounting exercises rely on a false assumption and a measurement problem arises. We propose an empirical methodology to solve the measurement issue and estimate TFP growth.

Keywords: Factor shares; Production function; Measurement (search for similar items in EconPapers)
JEL-codes: O11 O30 O41 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (24)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:114:y:2012:i:1:p:91-93

DOI: 10.1016/j.econlet.2011.09.026

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