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dc.contributor.authorStresing, Roberten
dc.contributor.authorLindenberger, Dietmaren
dc.contributor.authorKümmel, Reineren
dc.date.accessioned2009-06-29-
dc.date.accessioned2009-07-31T09:46:25Z-
dc.date.available2009-07-31T09:46:25Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/26747-
dc.description.abstractCointegration analysis is applied to the linear combinations of the time series of (the logarithms of) output, capital, labor, and energy for Germany, Japan, and the USA since 1960. The computed cointegration vectors represent the output elasticities of the aggregate energy-dependent Cobb-Douglas function. The output elasticities give the economic weights of the production factors capital, labor, and energy. We find that they are for labor much smaller and for energy much larger than the cost shares of these factors. In standard economic theory output elasticities equal cost shares. Our heterodox findings support results obtained with LINEX production functions.en
dc.language.isoengen
dc.publisher|aInstitute of Energy Economics at the University of Cologne (EWI) |cKölnen
dc.relation.ispartofseries|aEWI Working Paper |x08,04en
dc.subject.ddc330en
dc.titleCointegration of output, capital, labor, and energy-
dc.type|aWorking Paperen
dc.identifier.ppn603353789en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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