The Review of Economics and Statistics Vol. 51 No. 4 1969
Factor Intensity Reversals and the CES Production Function
Abstract
to the randomness of profits, rather than to errors in the measurements of K, which would imply a negative bias in p', this too could not explain away the observed negative as, since again one would expect bias /3' in this case too, to be less than one in absolute value. Thus, the observed negative cannot be explained as the consequence of using a bad cost of capital variable and therefore can be taken as an indication of greater capital-schooling (skill) complementarity.4
- DOI
- 10.2307/1926440
- Volume
- 51
- Issue
- 4
- Pages
- 468
- Sources
- openalex crossref