FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1566243578> ?p ?o ?g. }

• W1566243578 abstract "The stability of factor shares has long been considered one of the “stylized facts” of macroeconomics. However, the relationship between cross-country factor shares and economic development is dependent on how factor shares are measured. Most factor share studies acknowledge only two factors of production: total capital and total labor. The failure to acknowledge more than two factors yields misleading results. Recent theoretical work predicts a systematic relationship between the stage of economic development and non-reproducible and reproducible factor shares. I disentangle physical capital’s share from natural capital’s share, and I disentangle human capital’s share from unskilled labor’s share. The results reveal that nonreproducible factor shares decrease with the stage of economic development, and reproducible factor shares increase with the stage of economic development. Studies relying on the macroeconomic paradigm of constant factor shares should be revisited. Development accounting nearly always assumes the constancy of factor shares. I perform the development accounting exercise but allow factor shares to vary and distinguish between reproducible and nonreproducible factors. My approach yields results that stand in stark contrast to those previously attained. The general consensus is that at least half of the cross-country variation in output per worker is attributable to cross-country variation in the TFP residual. With my approach, the majority of variation in output per worker accrues to factor shares, specifically physical capital’s share and natural capital’s share. TFP’s explanatory power decreases by more than 30 percentage points. This evidence does not, however, diminish the role of technical change. Rather, the evidence indicates the importance of acknowledging a new type of technical change, one that impacts factor shares. Key Words: Factor Shares, TFP residual" @default.
• W1566243578 created "2016-06-24" @default.
• W1566243578 creator A5075927862 @default.
• W1566243578 date "2010-09-01" @default.
• W1566243578 modified "2023-09-27" @default.
• W1566243578 title "Cross-country Variation in Factor Shares and its Implications for Development Accounting" @default.
• W1566243578 cites W144108420 @default.
• W1566243578 cites W1489159544 @default.
• W1566243578 cites W1512180945 @default.
• W1566243578 cites W1536239738 @default.
• W1566243578 cites W1548370557 @default.
• W1566243578 cites W1587153563 @default.
• W1566243578 cites W1968753132 @default.
• W1566243578 cites W1972510122 @default.
• W1566243578 cites W1976775399 @default.
• W1566243578 cites W1979067658 @default.
• W1566243578 cites W1979073566 @default.
• W1566243578 cites W1983727765 @default.
• W1566243578 cites W2006558343 @default.
• W1566243578 cites W2007043159 @default.
• W1566243578 cites W2007428095 @default.
• W1566243578 cites W2057296944 @default.
• W1566243578 cites W2063134194 @default.
• W1566243578 cites W2090861116 @default.
• W1566243578 cites W2095431383 @default.
• W1566243578 cites W2098981358 @default.
• W1566243578 cites W2102292466 @default.
• W1566243578 cites W2111764760 @default.
• W1566243578 cites W2124823097 @default.
• W1566243578 cites W2163186618 @default.
• W1566243578 cites W2166974667 @default.
• W1566243578 cites W2169830338 @default.
• W1566243578 cites W2806481907 @default.
• W1566243578 cites W3021022626 @default.
• W1566243578 cites W3121420420 @default.
• W1566243578 cites W3121456692 @default.
• W1566243578 cites W3121915608 @default.
• W1566243578 cites W3121941210 @default.
• W1566243578 cites W3122157058 @default.
• W1566243578 cites W3122269790 @default.
• W1566243578 cites W3122370218 @default.
• W1566243578 cites W3122488285 @default.
• W1566243578 cites W3122705141 @default.
• W1566243578 cites W3122891705 @default.
• W1566243578 cites W3123874582 @default.
• W1566243578 cites W3124536616 @default.
• W1566243578 cites W3124601770 @default.
• W1566243578 cites W3125755138 @default.
• W1566243578 cites W3125913481 @default.
• W1566243578 cites W3125996676 @default.
• W1566243578 hasPublicationYear "2010" @default.
• W1566243578 type Work @default.
• W1566243578 sameAs 1566243578 @default.
• W1566243578 citedByCount "13" @default.
• W1566243578 countsByYear W15662435782012 @default.
• W1566243578 countsByYear W15662435782013 @default.
• W1566243578 crossrefType "posted-content" @default.
• W1566243578 hasAuthorship W1566243578A5075927862 @default.
• W1566243578 hasConcept C120009192 @default.
• W1566243578 hasConcept C139719470 @default.
• W1566243578 hasConcept C145236788 @default.
• W1566243578 hasConcept C149782125 @default.
• W1566243578 hasConcept C162324750 @default.
• W1566243578 hasConcept C166957645 @default.
• W1566243578 hasConcept C204983608 @default.
• W1566243578 hasConcept C2776490952 @default.
• W1566243578 hasConcept C2776943663 @default.
• W1566243578 hasConcept C2778348673 @default.
• W1566243578 hasConcept C34447519 @default.
• W1566243578 hasConcept C38935604 @default.
• W1566243578 hasConcept C556758197 @default.
• W1566243578 hasConcept C83646750 @default.
• W1566243578 hasConcept C9127897 @default.
• W1566243578 hasConcept C95457728 @default.
• W1566243578 hasConceptScore W1566243578C120009192 @default.
• W1566243578 hasConceptScore W1566243578C139719470 @default.
• W1566243578 hasConceptScore W1566243578C145236788 @default.
• W1566243578 hasConceptScore W1566243578C149782125 @default.
• W1566243578 hasConceptScore W1566243578C162324750 @default.
• W1566243578 hasConceptScore W1566243578C166957645 @default.
• W1566243578 hasConceptScore W1566243578C204983608 @default.
• W1566243578 hasConceptScore W1566243578C2776490952 @default.
• W1566243578 hasConceptScore W1566243578C2776943663 @default.
• W1566243578 hasConceptScore W1566243578C2778348673 @default.
• W1566243578 hasConceptScore W1566243578C34447519 @default.
• W1566243578 hasConceptScore W1566243578C38935604 @default.
• W1566243578 hasConceptScore W1566243578C556758197 @default.
• W1566243578 hasConceptScore W1566243578C83646750 @default.
• W1566243578 hasConceptScore W1566243578C9127897 @default.
• W1566243578 hasConceptScore W1566243578C95457728 @default.
• W1566243578 hasLocation W15662435781 @default.
• W1566243578 hasOpenAccess W1566243578 @default.
• W1566243578 hasPrimaryLocation W15662435781 @default.
• W1566243578 hasRelatedWork W1518147518 @default.
• W1566243578 hasRelatedWork W1979067658 @default.
• W1566243578 hasRelatedWork W1984069776 @default.
• W1566243578 hasRelatedWork W2006558343 @default.
• W1566243578 hasRelatedWork W2090861116 @default.
• W1566243578 hasRelatedWork W2091171224 @default.
• W1566243578 hasRelatedWork W2104696416 @default.

• next