Browsing by Subject "Factor Shares"

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Discussion Paper No. 107 of 2010 on Are Prior Restrictions on Factor Shares Appropriate in Economic Growth Accounting Estimations?

Oduor, Jacob (The Kenya Institute for Public Policy Research and Analysis (KIPPRA), 2010)

Several studies make different prior assumptions on the magnitude of factor shares and scale of production when accounting for economic growth. The initial Solow estimations, for instance, assumed a capital share of 0.3 ...