Capital-labor ratios and total factor productivity in the Baassa-Samuelson model
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
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Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 166-176 |
| Journal / Publication | Review of International Economics |
| Volume | 10 |
| Issue number | 1 |
| Publication status | Published - 2002 |
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Abstract
The paper investigates the relationship between sectoral capital-labor ratios and total factor productivity (TFP) in the context of the Balassa-Samuelson model. It is shown that, under certain assumptions, the model implies that both traded- and nontraded-goods sectors' capital-labor ratios should be cointegrated with the traded-goods sector's TFP. Evidence from an intersectoral database for 14 OECD countries broadly supports this implication of the model. In addition to shedding light on the evolution of sectoral capital-labor ratios, the results also alleviate concerns regarding the reliability of capital stock data.
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Citation Format(s)
Capital-labor ratios and total factor productivity in the Baassa-Samuelson model. / Kakkar, Vikas.
In: Review of International Economics, Vol. 10, No. 1, 2002, p. 166-176.
In: Review of International Economics, Vol. 10, No. 1, 2002, p. 166-176.
Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review
