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Factor shares at the sector level, Colombia 1990-2005

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dc.creatorZuleta, Hernando
dc.creatorGarcía Suaza, Andrés Felipe
dc.creatorYoung, Andrew T.
dc.date.accessioned2015-10-14T14:05:57Z
dc.date.available2015-10-14T14:05:57Z
dc.date.created2009
dc.date.issued2009
dc.description.abstractIn general, empirical studies on economics rely on the assumption of constant capital share of income both at the aggregate level and at the sector level. However, there is no empirical evidence supporting the constancy of capital share at the sector level. In this paper, using Colombian data, we measure capital share for 48 sectors during the period 1990-2005. We also explore the relation between capital's share and factor prices and the behavior of capital share during the business cycle. The main results are the following: (i) capital share is not constant but, rather, has an increasing trend; (ii) capital shares growth rates positively correlate with sector value-added growth; (iii) the capital shares behave pro-cyclically; and (iv) there is a positive correlation between capital shares and real wages and a negative correlation between capital shares and interest rates. These results suggest that the usual assumption of constant factor shares is not accurate.eng
dc.format.extent31 páginasspa
dc.format.mediumRecurso electrónicospa
dc.format.mimetypeapplication/pdf
dc.format.tipoDocumentospa
dc.identifier.doihttps://doi.org/10.48713/10336_11012
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/11012
dc.language.isospa
dc.publisherUniversidad del Rosariospa
dc.publisher.departmentFacultad de Economíaspa
dc.relation.citationIssueNo. 76
dc.relation.citationTitleSerie Documentos de trabajo. Economía
dc.relation.ispartofSerie documentos de trabajo. No 76 (Noviembre 2009)spa
dc.relation.urihttps://ideas.repec.org/p/col/000092/006120.html
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto completo)spa
dc.rights.ccAtribución-NoComercial-SinDerivadas 2.5 Colombiaspa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.ddcEconomía financiera
dc.subject.keywordFactor Shareseng
dc.subject.keywordincome distributioneng
dc.subject.keywordColombiaeng
dc.subject.keywordeconomic growtheng
dc.subject.keywordcycleseng
dc.subject.lembEconomíaspa
dc.subject.lembCapital::Aspectos Económicosspa
dc.subject.lembEconomía informalspa
dc.subject.lembCiclos económicosspa
dc.subject.lembTasas de interésspa
dc.titleFactor shares at the sector level, Colombia 1990-2005spa
dc.typeworkingPapereng
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
dc.type.spaDocumento de trabajospa
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