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If factor shares are not constant then we have a measurment problem. can we solve it?

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dc.creatorZuleta, Hernando
dc.date.accessioned2015-10-16T12:57:05Z
dc.date.available2015-10-16T12:57:05Z
dc.date.created2009-08
dc.date.issued2009
dc.description.abstractRecent evidence show that factor shares, if properly measured, are far from constant. Moreover, the shares of natural resources and raw labor seem to be negatively correlated with income per capita while the share of human and physical capital is positively correlated with income per capita. Now, if factor shares are not constant then (i) growth accounting exercises rely on a false assumption and (ii) there is a measurement problem. The effect that change s in factor shares ha ve on output depend on the relative abundance of factors and, fo r this reason, it is necessary to have correct measures. We propose an empiri cal methodology to solve the measurement issue and estimate TFP growth.eng
dc.format.extent6 páginasspa
dc.format.mediumRecurso electrónicospa
dc.format.mimetypeapplication/pdf
dc.format.tipoDocumentospa
dc.identifier.doihttps://doi.org/10.48713/10336_11287
dc.identifier.editorialUniversidad del Rosariospa
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/11287
dc.language.isospa
dc.publisherUniversidad del Rosariospa
dc.publisher.departmentFacultad de Economíaspa
dc.relation.citationIssueNo. 67
dc.relation.citationTitleSerie Documentos de trabajo. Economía
dc.relation.ispartofSerie Documentos de Trabajo. No. 67 (Agosto 2009)spa
dc.relation.urihttps://ideas.repec.org/p/col/000092/005744.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
dc.subject.keywordFactor Shareseng
dc.subject.keywordProduction Functioneng
dc.subject.keywordMeasurementeng
dc.subject.lembEconomíaspa
dc.subject.lembMediciónspa
dc.subject.lembCrecimiento económicospa
dc.subject.lembAcciones (Bolsa)spa
dc.subject.lembAspectos económicosspa
dc.titleIf factor shares are not constant then we have a measurment problem. can we solve it?spa
dc.typeworkingPapereng
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
dc.type.spaDocumento de trabajospa
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