英文文献:Wages in a Factor Proportions Model with Energy Input-工资与能源投入的因素比例模型
英文文献作者:Hyeongwoo Kim,Henry Thompson
英文文献摘要:
This paper examines US wage adjustment in a structural vector autoregression of the factor proportions model of production and trade with energy, capital, and labor inputs. Data cover the years 1949 to 2006. The wage adjusts to changes in inputs levels and output prices over 6 to 8 years. Energy has a more robust wage impact than capital. The wage reacts weakly if at all to the falling price of manufactures and rising price of services over the sample period. Estimates relate directly to factor proportions theory, suggesting robust substitution with labor in the middle of the factor intensity ranking.
本文以能源、资本和劳动力投入的生产和贸易要素比例模型的结构向量自回归检验了美国的工资调整。数据涵盖1949年至2006年。工资会根据6至8年的投入水平和产出价格的变化进行调整。能源对工资的影响比资本更大。在样本期内,工资对制造业价格下跌和服务价格上涨的反应微弱。估计值与要素比例理论直接相关,表明劳动力在要素强度排名中处于中间位置。


雷达卡


京公网安备 11010802022788号







