Productividad total y costes de ajusterepercusión en las demandas de trabajo y capital en España
ISSN: 1698-7616
Argitalpen urtea: 2007
Zenbakia: 9
Orrialdeak: 47-70
Mota: Artikulua
Beste argitalpen batzuk: Principios: estudios de economía política
Laburpena
The presence of adjustment costs in investment is enough to justify the temporal translation of the total factor productivity repercussion on capital and labour demands. In this paper, through a SURE estimation procedure, we evaluate such repercussion for the Spanish industrial economy. The effect of changes in total factor productivities on factor demands seems to be related, in significance as well as in temporality, with the capital intensity degree in the production functions.