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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18879Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Chirinko, Robert S. | - |
| dc.creator | Fazzari, Steven M. | - |
| dc.creator | Meyer, Andrew P. | - |
| dc.date | 2004 | - |
| dc.date.accessioned | 2013-10-16T07:01:47Z | - |
| dc.date.available | 2013-10-16T07:01:47Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/18879 | - |
| dc.identifier | ppn:393381528 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18879 | - |
| dc.description | The elasticity of substitution between capital and labor features prominently in several areas of economic research. However, a consensus estimate remains elusive. We develop an estimation strategy that filters panel data in an original way and avoids several pitfalls - difficult-to-specify dynamics, transitory time-series variation, and positively sloped supply schedules - inherent in investment equations that can bias the estimated elasticity. Results are based on an extensive panel containing 1,860 manufacturing and non-manufacturing firms. Our model generates a precisely estimated elasticity of approximately 0.40. The method developed here may prove useful in estimating other structural parameters from panel datasets. | - |
| dc.language | eng | - |
| dc.publisher | - | |
| dc.relation | CESifo working papers 1240 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E22 | - |
| dc.subject | H32 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Kapital | - |
| dc.subject | Arbeit | - |
| dc.subject | Faktorsubstitution | - |
| dc.subject | Substitutionselastizität | - |
| dc.subject | Panel | - |
| dc.subject | Schätzung | - |
| dc.subject | Vereinigte Staaten | - |
| dc.title | That elusive elasticity : a long-panel approach to estimating the capital-labor substitution elasticity | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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