A CROSS-COUNTRY ESTIMATION OF THE ELASTICITY OF SUBSTITUTION BETWEEN LABOR AND CAPITAL IN MANUFACTURING INDUSTRIES
This paper presents a simple methodology to estimate the elasticity of substitution between labor and capital for firms operating in perfectly competitive factor markets with constant-elasticity-of-substitution technologies. It is applied to a cross-country sample of 28 3-digit ISIC manufacturing in...
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| Lenguaje: | English |
| Publicado: |
Instituto de Economía, Pontificia Universidad Católica de Chile
2003
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| Acceso en línea: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212003012000003 |
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