Production factor returns: the role of factor utilisation

Gilbert Cette, Nicolas Dromel, Rémy Lecat and Anne-Charlotte Paret ()
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Anne-Charlotte Paret: Centre de recherche de la Banque de France - Banque de France, ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - IP Paris - Institut Polytechnique de Paris

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Abstract: Short-term increasing returns to production factors are usually found in empirical studies. We argue they can be due to omitted variables, particularly the intensity of factor utilisation. Thanks to original French firm-level data (1992-2008), we show how increasing returns to scale disappear when working time, capacity utilisation rate and mainly capital operating time are introduced in the production function

Keywords: Production function; productivity; factor returns.; Fonction de production; productivité; rendement d'échelle. (search for similar items in EconPapers)
Date: 2011-05
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00598033v1
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Citations: View citations in EconPapers (1)

Published in 2011

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Related works:
Journal Article: Production Factor Returns: The Role of Factor Utilization (2015)
Working Paper: Production Factor Returns: The Role of Factor Utilization (2015)
Working Paper: Production Factor Returns: The Role of Factor Utilization (2015)
Working Paper: Production Factor Returns: The Role of Factor Utilization (2015)
Working Paper: Production factor returns: the role of factor utilisation (2011)
Working Paper: Production factor returns: the role of factor utilisation (2011)
Working Paper: Production factor returns: the role of factor utilisation (2011)
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