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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)


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
Divisions: 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: 09 Dec 2022 01:29 UTC
Resource URI: (The current URI for this page, for reference purposes)

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