A cross-country non parametric estimation of the returns to factors of production and the elasticity of scale
This paper employs local regression to estimate the output elasticity with respect to labor, human capital, physical capital and the elasticity of scale for 90 countries in 1985 and 1995. The results support the hypotheses of constant returns to scale to factors and decreasing returns to accumulable...
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| Format: | Article |
| Language: | English |
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Universidade Federal de Minas Gerais
2009-06-01
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| Series: | Nova Economia |
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| Online Access: | http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/483 |