Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/326811 
Year of Publication: 
2022
Series/Report no.: 
UNU-MERIT Working Papers No. 2022-002
Publisher: 
United Nations University (UNU), Maastricht Economic and Social Research Institute on Innovation and Technology (UNU-MERIT), Maastricht
Abstract: 
We estimate a Cobb-Douglas production function distinguishing between a domestic and a foreign capital stock built from data of imported machinery and transport equipment for Brazil. The preferred regression uses log levels estimated by GMM-HAC. Results are that the elasticity of production of foreign capital is about 40% of that of domestic capital, the function has constant returns to scale in capital and labour variables, and human capital and technical change are also highly productive
Subjects: 
time-series
estimation
production function
open economy
Brazil
JEL: 
C22
C51
E23
F43
O54
Creative Commons License: 
cc-by-nc-sa Logo
Document Type: 
Working Paper

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