| dc.creator | Mello, Marcelo de Albuquerque e | |
| dc.creator | Rodrigues, André de Souza | |
| dc.date | 2017-05-18 | |
| dc.date.accessioned | 2023-08-31T21:38:05Z | |
| dc.date.available | 2023-08-31T21:38:05Z | |
| dc.identifier | https://periodicos.fgv.br/rbe/article/view/64336 | |
| dc.identifier.uri | https://repositorioslatinoamericanos.uchile.cl/handle/2250/8560165 | |
| dc.description | We construct a broad panel with 84 countries over the period 1970-2014 with data from the Penn World Tables (PWT) 9.0. We apply the tools of development accounting to our panel. However, we depart from the traditional Cobb-Douglas hypothesis and Hicks-neutral technological change, and assume a Constant Elasticity of Substitution production function, which allows for a constant but non-unitary elasticity of substitution, and for non-neutral technological change. For different values of the elasticity of substitution, and different representation of technological change, we find that the cross-country variation in GDP per worker that can be accounted for by factor inputs is decreasing over time until the mid-2000s, when it reverses its decreasing trend. In addition, our estimates suggests that in the more recent period the proportion of the cross-country variation in GDP per worker explained by factor inputs is around 20%. Finally, we obtain similar results with broad panels from PWT versions 8.1 and 7.0, corroborating our initial findings. | en-US |
| dc.format | application/pdf | |
| dc.language | eng | |
| dc.publisher | EGV EPGE | pt-BR |
| dc.relation | https://periodicos.fgv.br/rbe/article/view/64336/67268 | |
| dc.rights | Copyright (c) 2017 Revista Brasileira de Economia | pt-BR |
| dc.source | Revista Brasileira de Economia; Vol. 71 No. 1 (2017): JAN-MAR; 93-109 | en-US |
| dc.source | Revista Brasileira de Economia; v. 71 n. 1 (2017): JAN-MAR; 93-109 | pt-BR |
| dc.source | 1806-9134 | |
| dc.source | 0034-7140 | |
| dc.title | Development Accounting, the Elasticity of Substitution, and Non-neutral Technological Change | en-US |
| dc.type | info:eu-repo/semantics/article | |
| dc.type | info:eu-repo/semantics/publishedVersion | |
| dc.type | Articles | en-US |
| dc.type | Artigos | pt-BR |
