Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/169129
Authors: 
Daniels, Gerald Eric
Kakar, Venoo
Year of Publication: 
2017
Series/Report no.: 
Economics Discussion Papers 2017-70
Abstract: 
This paper lays out a replication plan for the influential paper by Klump et al. (Factor Substitution and Factor-augmenting Technical Progress in the United States: a Normalized Supply-side System Approach, Review of Economics and Statistics, 2007) on using a normalized CES supply-side system approach to estimate the value of the elasticity of substitution between factors of production and identify the growth patterns for biased technical progress. The authors begin with a general discussion of basic principles on carrying out a replication study. Further, they outline key steps to follow to replicate the chosen paper and establish criteria that can be used to determine if the replication confirms or disconfirms the original findings. This paper contributes to the increased interest in improving replications in economics research.
Subjects: 
Elasticity of substitution
human capital
economic growth
factor shares
CES production function
JEL: 
O41
O47
E24
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Working Paper
Social Media Mentions:

Files in This Item:
File
Size
297.25 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.