Artikel
The elasticity of substitution and labor-saving innovations in the Spanish regions
This paper performs a nonlinear estimation of a normalized CES production function within a system of equations with a panel of Spanish regions for the period 1964-2013. It obtains an elasticity of substitution below one and identifies different rates of factor-augmenting technical progress. The results support for labor-saving innovations hypothesis for the Spanish case. Nevertheless, they do not support a relationship between the elasticity of substitution and the initial regional capital per worker. The results do not change if labor is adjusted by human capital.
- Weitere Titel
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La elasticidad de sustitución y las innovaciones ahorradoras de trabajo en las regiones españolas
- Sprache
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Englisch
- Erschienen in
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Journal: Estudios de Economía ; ISSN: 0718-5286 ; Volume: 49 ; Year: 2022 ; Issue: 2 ; Pages: 123-144
- Klassifikation
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Wirtschaft
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Macroeconomics: Production
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Thema
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Production function
CES
normalization
regional data
- Ereignis
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Geistige Schöpfung
- (wer)
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Cutanda Tarin, Antonio
- Ereignis
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Veröffentlichung
- (wer)
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Universidad de Chile, Departamento de Economía
- (wo)
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Santiago de Chile
- (wann)
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2022
- Handle
- Letzte Aktualisierung
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22.06.20242024, 03:31 MESZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Cutanda Tarin, Antonio
- Universidad de Chile, Departamento de Economía
Entstanden
- 2022
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