Template-type: ReDIF-Paper 1.0
Author-Name: Ziesemer, Thomas
Author-Email: ziesemer@merit.unu.edu
Author-Workplace-Name: UNU-MERIT, Maastricht University
Title: Estimation of a production function with domestic and foreign capital stock
Abstract: We estimate a Cobb-Douglas production function distinguishing between a
	 domestic and a foreign capital stock built from data of imported
	 machinery and transport equipment for Brazil. The preferred regression
	 uses log levels estimated by GMM-HAC. Results are that the elasticity of
	 production of foreign capital is about 40% of that of domestic capital,
	 the function has constant returns to scale in capital and labour
	 variables, and human capital and technical change are also highly
	 productive
Classification-JEL: C22, C51, E23, F43, O54
Keywords: time-series, estimation, production function, open economy, Brazil
Series: UNU-MERIT Working Papers
Creation-Date: 20220110
Number: 2022-002
File-URL: https://unu-merit.nl/publications/wppdf/2022/wp2022-002.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2022002