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dc.contributor.authorHungnes, Håvard
dc.date.accessioned2011-11-04T10:55:29Z
dc.date.available2011-11-04T10:55:29Z
dc.date.issued2008
dc.identifier.issn1892-753x
dc.identifier.urihttp://hdl.handle.net/11250/180625
dc.description.abstractAbstract: In a system with n input factors there are n − 1 independent cost shares. An often-used approach in estimating factor demand systems is to (implicitly or explicitly) assume that there is a (independent) cointegrating relationship for each of the n − 1 independent cost shares. However, due to technological changes there might not be as many cointegrating relationships as there are (independent) cost shares. The paper presents a flexible demand system that allows for both factor neutral technological changes as well as technological changes that affect the relative use of the different factors. The empirical tests indicate that there are fewer cointegrating relationships than usually implied by using conventional estimation approaches. This result is consistent with technological changes. I argue that since such unexplained technological changes are likely to affect input factor decisions, a demand system that allows for such changes should be preferred.no_NO
dc.language.isoengno_NO
dc.publisherStatistics Norway, Research Departmentno_NO
dc.relation.ispartofseriesDiscussion Papers;No. 556
dc.subjectQuantitative methodsno_NO
dc.subjectMathematical methodsno_NO
dc.subjectMicroeconomicsno_NO
dc.subjectMultifactor productivityno_NO
dc.subjectTechnological changesno_NO
dc.subjectGrowth ratesno_NO
dc.subjectJEL classification: C32no_NO
dc.subjectJEL classification: C52no_NO
dc.subjectJEL classification: D24no_NO
dc.titleA demand system for input factors when there are technological changes in productionno_NO
dc.typeWorking paperno_NO
dc.source.pagenumber29 s.no_NO


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