Markups, technology, and capital utilization in the Great Recession

Ludger Linnemann

Economics Letters, 2016, vol. 142, issue C, 59-63

Abstract: A two-level CES aggregate production function is used to empirically analyze the fluctuations in markups, technology, and utilization in the Great Recession. Quarterly US gross output data suggest a strong markup increase, limited technology movements, and a low labor–capital substitution elasticity.

Keywords: Aggregate production function; Elasticity of substitution; Gross output; Imperfect competition; Capital utilization (search for similar items in EconPapers)
JEL-codes: E23 E32 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:142:y:2016:i:c:p:59-63

DOI: 10.1016/j.econlet.2016.03.001

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