Variable markups and capital-labor substitution

Jiang, Wei, Leon-Ledesma, Miguel A. (2018) Variable markups and capital-labor substitution. Economics Letters, 171 (2018). pp. 34-36. ISSN 0165-1765. (doi:10.1016/j.econlet.2018.07.011) (KAR id:67569)

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Official URL: https://doi.org/10.1016/j.econlet.2018.07.011
Additional URLs: https://www.sciencedirect.com/science/ar...

Abstract

We provide new estimates of the elasticity of capital-labor substitution

(?) and the bias in technical change allowing price markups to change over

time as shown in De Loecker and Eeckhout (2017). Our estimate of ? is in

the region of 0.8 and technical change is net capital-augmenting.

Item Type:	Article
DOI/Identification number:	10.1016/j.econlet.2018.07.011
Uncontrolled keywords:	capital-labor substitution, price mark-ups, biased technical change
Subjects:	H Social Sciences H Social Sciences > HB Economic Theory
Institutional Unit:	Schools > School of Economics and Politics and International Relations > Economics
Former Institutional Unit:	Divisions > Division of Human and Social Sciences > School of Economics
Depositing User:	Miguel Leon-Ledesma
Date Deposited:	06 Jul 2018 13:57 UTC
Last Modified:	20 May 2025 12:41 UTC
Resource URI:	https://kar.kent.ac.uk/id/eprint/67569 (The current URI for this page, for reference purposes)

University of Kent Author Information

Jiang, Wei.

Creator's ORCID:	https://orcid.org/0000-0003-2957-3665
CReDIT Contributor Roles:

Leon-Ledesma, Miguel A..

Creator's ORCID:	https://orcid.org/0000-0002-3558-2990
CReDIT Contributor Roles:

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