| 来源类型 | Working Paper |
| 规范类型 | 论文 |
| Structural estimates of factor substitution from firm-level panel data on multinational corporations | |
| Kevin A. Hassett; Jason G. Cummins | |
| 发表日期 | 1999-02-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | Find the paper in its entirety here. Abstract We develop an empirical approach that provides a general framework for studying the structure of production of multinational corporations (MNCs). The approach treats the MNCs’ factors of production in different countries as separate inputs into a single general production technology that incorporates an unobservable firm-specific productivity schock. We estimate the parameters of the production technology using a new firm-level panel dataset and use them to construct the first ever estimates of how easily MNCs can substitute capital, labor, and materials within and between countries. The estimates provide a structural basis for 1) assessing the numerous proposed explanations of the nearly perfect correlation of domestic aggregate fixed investment and national saving; 2) determining whether outsourcing could have contributed significantly to the growing US wage gap between high-skilled and low-skilled workers; and 3) evaluating different tax policy proposals. |
| 主题 | Economics |
| 标签 | business ; capital ; Productivity |
| URL | https://www.aei.org/research-products/working-paper/structural-estimates-of-factor-substitution-from-firm-level-panel-data-on-multinational-corporations/ |
| 来源智库 | American Enterprise Institute (United States) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/206773 |
| 推荐引用方式 GB/T 7714 | Kevin A. Hassett,Jason G. Cummins. Structural estimates of factor substitution from firm-level panel data on multinational corporations. 1999. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
