COEFICIENTES DE CAPITAL E TRABALHO NO SETOR DE SERVIÇOS PARA O BRASIL POR MEIO DE DADOS EM PAINEL

LABOR AND CAPITAL COEFFICIENTS IN SERVICES SECTOR FOR BRAZIL USIND DATA PANEL

Alexandre Batista

MPRA Paper from University Library of Munich, Germany

Abstract: The present study tries to answer if labor or capital is more intense in the productive attainment of the Services Sector. The objective is to use panel data econometric techniques, whose mathematical model is based on the Cobb-Douglas production function, to find the coefficients that weight the inputs highlighted above. Data are obtained through the Annual Service Survey 2007-2014. We try to contribute that businessmen, public policy makers, researchers, among others, can make strategic decisions and / or go deeper into the subject matter. The result provided statistical significance of 1% for Capital, whose coefficient was approximately 0.45. For Labor, there was also significance in 1% and its coefficient was around 0.41. These values emphasize equilibrium to obtain product when used as inputs. In addition, the sum of the coefficients is less than 1 which means that there are decreasing returns to scale.

Keywords: Service Sector; Production; Data Panel Models (search for similar items in EconPapers)
JEL-codes: C23 D24 L8 (search for similar items in EconPapers)
Date: 2019-12-13, Revised 2019-12-13
New Economics Papers: this item is included in nep-cse
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https://mpra.ub.uni-muenchen.de/97638/3/MPRA_paper_97554.pdf revised version (application/pdf)

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