Factor-Augmenting Technical Change: An Empirical Assessment

@article{Carraro2012FactorAugmentingTC,
  title={Factor-Augmenting Technical Change: An Empirical Assessment},
  author={Carlo Carraro and Enrica De Cian},
  journal={Environmental Modeling & Assessment},
  year={2012},
  volume={18},
  pages={13-26}
}
This paper estimates factor-specific technical change and input substitution using a structural approach. It contributes to the existing literature by introducing various technology drivers for factor productivities and by assessing the impact of endogenous technical change on the elasticity of substitution. The empirical results suggest that factor productivities are indeed endogenous. In addition, technology drivers are factor-specific. Whereas the R&D stock and machinery imports are… CONTINUE READING

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