Sectoral Capital-Labor Ratios and Total Factor Productivity: Evidence from Asia

被引：4
|
作者：
Kakkar, Vikas [1 ]
Yan, Isabel K. M. [1 ]
机构：
[1] City Univ Hong Kong, Dept Econ & Finance, Kowloon Tong, Hong Kong, Peoples R China
来源：
REVIEW OF INTERNATIONAL ECONOMICS | 2011年 / 19卷 / 04期
关键词：
UNIT-ROOT TESTS; PANEL-DATA; HETEROGENEOUS PANELS; COINTEGRATED PANELS; LONG-RUN; HYPOTHESIS; REGRESSION; MODELS; SERIES;
D O I：
10.1111/j.1467-9396.2011.00974.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the relationship between sectoral capital-labor ratios and total factor productivity (TFP) for six Asian economies in the context of the Balassa-Samuelson model. A strong prediction of the model is that the capital-labor ratios in both the traded-and nontraded-goods sectors depend on the TFP in the traded-goods sector. Both single-equation and panel cointegration tests support this implication of the model.
引用
收藏
页码：674 / 684
页数：11
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