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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Language: English 
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| Official URL: https://doi.org/10.1016/j.econlet.2018.07.011 |
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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 |
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| 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: | 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
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| CReDIT Contributor Roles: |
Leon-Ledesma, Miguel A..
| Creator's ORCID: |
https://orcid.org/0000-0002-3558-2990
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| CReDIT Contributor Roles: |
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