WOULD CHEAPER CAPITAL REPLACE LABOUR?

被引：9
作者：
Behar, Alberto [1 ,2 ]
机构：
[1] Univ Oxford, St Annes Coll, Oxford OX1 3UQ, England
[2] Univ Oxford, Dept Econ, Ctr Study African Econ, Oxford OX1 3UQ, England
来源：
SOUTH AFRICAN JOURNAL OF ECONOMICS | 2010年 / 78卷 / 02期
关键词：
E24; J21; J23; Labour demand; elasticity of substitution; DEMAND; ELASTICITIES; WAGES;
D O I：
10.1111/j.1813-6982.2010.01240.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Left-leaning members of the ruling alliance should be careful what they wish for. By estimating elasticities of substitution and factor demand between capital and four labour types, we find microeconomic evidence that cheaper capital would reduce demand for labour. While capital and all occupations are substitutes, many but not all occupations are themselves complements. These results allow for endogenous changes in output and apply to the vast majority of firms in our sample.
引用
收藏
页码：131 / 151
页数：21
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