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http://hdl.handle.net/2445/199363
Title: | The aggregate productivity slowdown: A system approach |
Author: | Serrano Quintero, Rafael |
Keywords: | Productivitat Capital Treball Creixement econòmic Productivity Capital Labor Economic growth |
Issue Date: | 1-Feb-2023 |
Publisher: | Elsevier B.V. |
Abstract: | I revisit the productivity slowdown debate by estimating the capital-labor elasticity and the bias of technical change for the U.S. economy under four different models of technical change. One with constant growth rates, one with a structural break in the constant growth rates, one in which growth is linear, and one with flexible time-varying growth rates. I find evidence in support of non-constant growth rates of factor-augmenting technical change. Labor-augmenting technical change growth rates are decelerating, while capital-augmenting technical change is non negligible but vanishes quickly. |
Note: | Reproducció del document publicat a: https://doi.org/10.1016/j.econlet.2022.110972 |
It is part of: | Economics Letters, 2023, vol. 223, num. 110972, p. 1-4 |
URI: | http://hdl.handle.net/2445/199363 |
Related resource: | https://doi.org/10.1016/j.econlet.2022.110972 |
ISSN: | 0165-1765 |
Appears in Collections: | Articles publicats en revistes (Economia) |
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