Factor reallocation and growth: what if there are labor saving innovations?

We claim that the standard methodology to study the effects of the reallocation of factors on growth is not adequate in the presence of biased innovations. Labor-saving innovations increase output per worker and may decrease the marginal productivity of labor. Therefore, a reallocation of labor from...

Full description

Autores:

Zuleta, Hernando
Gamboa, Daniel

Tipo de recurso:

Work document

Fecha de publicación:

2019

Institución:

Universidad de los Andes

Repositorio:

Séneca: repositorio Uniandes

Idioma:

spa

OAI Identifier:

oai:repositorio.uniandes.edu.co:1992/41076

Acceso en línea:

http://hdl.handle.net/1992/41076

Palabra clave:

Factor reallocation
Capital using and labor saving innovations
Factor income shares
Structural change
D33, O11, O31, O33, J30

Rights

openAccess

License

http://creativecommons.org/licenses/by-nc-nd/4.0/