Estimating the Elasticity of Substitution from International Manufacturing Census Data

Download Estimating the Elasticity of Substitution from International Manufacturing Census Data PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 246 pages
Book Rating : 4.:/5 (366 download)

DOWNLOAD NOW!


Book Synopsis Estimating the Elasticity of Substitution from International Manufacturing Census Data by : Merle Ina Yahr

Download or read book Estimating the Elasticity of Substitution from International Manufacturing Census Data written by Merle Ina Yahr and published by . This book was released on 1967 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimating the Elasticity of Substitution from International Manufacturing Census Data

Download Estimating the Elasticity of Substitution from International Manufacturing Census Data PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 262 pages
Book Rating : 4.3/5 (9 download)

DOWNLOAD NOW!


Book Synopsis Estimating the Elasticity of Substitution from International Manufacturing Census Data by : Merle Ina Yahr

Download or read book Estimating the Elasticity of Substitution from International Manufacturing Census Data written by Merle Ina Yahr and published by . This book was released on 1967 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Micro Data and the Macro Elasticity of Substitution

Download Micro Data and the Macro Elasticity of Substitution PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

DOWNLOAD NOW!


Book Synopsis Micro Data and the Macro Elasticity of Substitution by : Ezra Oberfield

Download or read book Micro Data and the Macro Elasticity of Substitution written by Ezra Oberfield and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the aggregate elasticity of substitution between capital and labor in the US manufacturing sector. We show that the aggregate elasticity of substitution can be expressed as a simple function of plant level structural parameters and sufficient statistics of the distribution of plant input cost shares. We then use plant level data from the Census of Manufactures to construct a local elasticity of substitution at various levels of aggregation. Our approach does not assume the existence of a stable aggregate production function, as we build up our estimate from the cross section of plants at a point in time. Accounting for substitution within and across plants, we find that the aggregate elasticity is substantially below unity at approximately 0.7. Lastly we assess the sources of the bias of aggregate technical change from 1987 to 1997. We find that the labor augmenting character of aggregate technical change is due almost exclusively to labor augmenting productivity growth at the plant level rather than relative growth in capital intensive plants.

Estimating the Elasticity of Substitution

Download Estimating the Elasticity of Substitution PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 294 pages
Book Rating : 4.:/5 (298 download)

DOWNLOAD NOW!


Book Synopsis Estimating the Elasticity of Substitution by : Dave Michael O'Neill

Download or read book Estimating the Elasticity of Substitution written by Dave Michael O'Neill and published by . This book was released on 1966 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Cross-country Estimation of the Elasticity of Substitution Between Labor and Capital in Manufacturing Industries

Download A Cross-country Estimation of the Elasticity of Substitution Between Labor and Capital in Manufacturing Industries PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!


Book Synopsis A Cross-country Estimation of the Elasticity of Substitution Between Labor and Capital in Manufacturing Industries by : Sebastian Claro

Download or read book A Cross-country Estimation of the Elasticity of Substitution Between Labor and Capital in Manufacturing Industries written by Sebastian Claro and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Studies in International Economic Relations

Download Studies in International Economic Relations PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 314 pages
Book Rating : 4.:/5 (319 download)

DOWNLOAD NOW!


Book Synopsis Studies in International Economic Relations by : National Bureau of Economic Research

Download or read book Studies in International Economic Relations written by National Bureau of Economic Research and published by . This book was released on 1968 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimating Elasticities of Input Substitution Using Data Envelopment Analysis

Download Estimating Elasticities of Input Substitution Using Data Envelopment Analysis PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (94 download)

DOWNLOAD NOW!


Book Synopsis Estimating Elasticities of Input Substitution Using Data Envelopment Analysis by : Noah James Miller

Download or read book Estimating Elasticities of Input Substitution Using Data Envelopment Analysis written by Noah James Miller and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of elasticities of substitution between inputs has become the standard method for addressing the effect of a change in the mix of input used for production from a technological or cost standpoint. (Chambers 1988) A researcher that wants to estimate this elasticity, or some other comparative static, typically would do so using parametric production or cost function (e.g. translog or normalized quadratic) with panel data. For a study with only cross-sectional data, the construction of such a function may be problematic. Using a dual approach, a nonparametric alternative in such a situation may be the use of Data Envelopment Analysis (DEA). Cooper et al. (2000) provided a methodology for estimating elasticities of substitution for the technical production problem using DEA. To our knowledge, this has not been extended to the cost efficiency problem, which would be equivalent to estimating Allen partial or Morishima elasticities of substitution between inputs using a cost function (or cost minimization framework). The purpose of this thesis is to show how elasticities of substitution can be derived and estimated for the technical production and cost (overall economic) efficiency DEA under variable returns to scale. In addition, an empirical example using Kansas Farm Management Association (KFMA) data is presented to illustrate the estimation of these elasticities. The results showed that input substitutability is relatively limited at the enterprise level.

Estimation of Elasticities of Substitution for CES Production

Download Estimation of Elasticities of Substitution for CES Production PDF Online Free

Author :
Publisher :
ISBN 13 : 9780858346246
Total Pages : 22 pages
Book Rating : 4.3/5 (462 download)

DOWNLOAD NOW!


Book Synopsis Estimation of Elasticities of Substitution for CES Production by : George Edward Battese

Download or read book Estimation of Elasticities of Substitution for CES Production written by George Edward Battese and published by . This book was released on 1986 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Estimation of Industry-Level Capital-Labor Substitution Elasticities for U.S. Production

Download An Estimation of Industry-Level Capital-Labor Substitution Elasticities for U.S. Production PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

DOWNLOAD NOW!


Book Synopsis An Estimation of Industry-Level Capital-Labor Substitution Elasticities for U.S. Production by : Edward J. Balistreri

Download or read book An Estimation of Industry-Level Capital-Labor Substitution Elasticities for U.S. Production written by Edward J. Balistreri and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A key parameter that determines the distributional impacts of a policy shift in general equilibrium simulations is the elasticity of substitution between capital and labor. Using a rich new data set by the Bureau of Economic Analysis, we estimate substitution elasticities for 28 industries and provide an indication of the long- and short-run estimates. Given the structure of most growth models, we posit that the relationship between capital and labor is likely to be close to Cobb-Douglas. Our findings lend support to the Cobb-Douglas specification as a transparent starting point in simulation analysis.

Empirical Essays on the Elasticity of Substitution, Technical Change, and Economic Growth

Download Empirical Essays on the Elasticity of Substitution, Technical Change, and Economic Growth PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (656 download)

DOWNLOAD NOW!


Book Synopsis Empirical Essays on the Elasticity of Substitution, Technical Change, and Economic Growth by :

Download or read book Empirical Essays on the Elasticity of Substitution, Technical Change, and Economic Growth written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the elasticity of substitution using two different production functions. The usual Constant Elasticity of Substitution (CES) production function and a Box-Cox production function for Japan (1890-1991), UK (1870-1991), and US (1890-1992; 1929-2000). The main results are that we find the ES to be non-unitary and changing over time. Our findings have implications for economic growth (theoretical and empirical), as production is an increasing function of the ES. The use of a Cobb-Douglas production function, as in most cases in the literature, hides the role of the ES not only as a source of increase in output but also as a source of technical change. Also, we found in a monte carlo simulation that usual CES production usually does not give reliable estimates for the substitution parameter. Finally, using a CES to calculate TFP across countries, we found that variance of TFP is lower than using a Cobb-Douglas. It implies that the importance of TFP to explain income differences across countries is diminished.

Imports of Manufactures from Less Developed Countries

Download Imports of Manufactures from Less Developed Countries PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!


Book Synopsis Imports of Manufactures from Less Developed Countries by : Hal B. Lary

Download or read book Imports of Manufactures from Less Developed Countries written by Hal B. Lary and published by . This book was released on 1968 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How Does Data Aggregation Impact Elasticity of Substitution Estimation?

Download How Does Data Aggregation Impact Elasticity of Substitution Estimation? PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

DOWNLOAD NOW!


Book Synopsis How Does Data Aggregation Impact Elasticity of Substitution Estimation? by : Michael Schrammel

Download or read book How Does Data Aggregation Impact Elasticity of Substitution Estimation? written by Michael Schrammel and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimation of the Elasticity of Substitution in International Trade

Download Estimation of the Elasticity of Substitution in International Trade PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (22 download)

DOWNLOAD NOW!


Book Synopsis Estimation of the Elasticity of Substitution in International Trade by : Chris M. Alaouze

Download or read book Estimation of the Elasticity of Substitution in International Trade written by Chris M. Alaouze and published by . This book was released on 1975 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Cross-country Estimation of the Elasticity of Substitution Between Labro and Capital in Manufacturing Industries

Download A Cross-country Estimation of the Elasticity of Substitution Between Labro and Capital in Manufacturing Industries PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (513 download)

DOWNLOAD NOW!


Book Synopsis A Cross-country Estimation of the Elasticity of Substitution Between Labro and Capital in Manufacturing Industries by : Sebastián Claro Edwards

Download or read book A Cross-country Estimation of the Elasticity of Substitution Between Labro and Capital in Manufacturing Industries written by Sebastián Claro Edwards and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Identification and Estimation of Elasticities of Substitution for Firm-Level Production Functions Using Aggregative Data

Download Identification and Estimation of Elasticities of Substitution for Firm-Level Production Functions Using Aggregative Data PDF Online Free

Author :
Publisher :
ISBN 13 : 9780858346222
Total Pages : 21 pages
Book Rating : 4.3/5 (462 download)

DOWNLOAD NOW!


Book Synopsis Identification and Estimation of Elasticities of Substitution for Firm-Level Production Functions Using Aggregative Data by : George Edward Battese

Download or read book Identification and Estimation of Elasticities of Substitution for Firm-Level Production Functions Using Aggregative Data written by George Edward Battese and published by . This book was released on 1986 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Theory and Empirical Analysis of Production

Download The Theory and Empirical Analysis of Production PDF Online Free

Author :
Publisher :
ISBN 13 : 9780598269614
Total Pages : 0 pages
Book Rating : 4.2/5 (696 download)

DOWNLOAD NOW!


Book Synopsis The Theory and Empirical Analysis of Production by : Murray Brown

Download or read book The Theory and Empirical Analysis of Production written by Murray Brown and published by . This book was released on 1967 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Columbia Studies in Economics

Download Columbia Studies in Economics PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 418 pages
Book Rating : 4.3/5 (91 download)

DOWNLOAD NOW!


Book Synopsis Columbia Studies in Economics by :

Download or read book Columbia Studies in Economics written by and published by . This book was released on 1968 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: