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- Publisher Website: 10.1016/j.jdeveco.2019.06.001
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Article: Non-Neutral Technology, Firm Heterogeneity, and Labor Demand
Title | Non-Neutral Technology, Firm Heterogeneity, and Labor Demand |
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Authors | |
Keywords | Declining labor share Labor share heterogeneity Non-Hicks neutral technology Firm heterogeneity Chinese steel industry |
Issue Date | 2019 |
Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/devec |
Citation | Journal of Development Economics, 2019, v. 140, p. 145-168 How to Cite? |
Abstract | In firm-level panel data, labor share exhibits large cross-sectional differences and a declining trend over time. This study examines the role of non-Hicks neutral technology differences across firms and over time in explaining these patterns. The non-Hicks neutral technology allows for differential factor-augmenting efficiencies for capital, labor, and material, and it has direct implications on labor shares. Estimated using firm-level production data and variation in input prices, evidence from the Chinese steel industry affirms the large heterogeneity of the non-Hicks neutral technology across firms, and its change over time is also highly non-Hicks neutral toward saving labor. The non-Hicks neutral technology explains over 50 percent of the 5.01-percentage points decline in labor share in the sample period, mainly due to the evolution of heterogeneous non-Hicks neutral technology and the resulting reallocation effect. |
Persistent Identifier | http://hdl.handle.net/10722/272713 |
ISSN | 2023 Impact Factor: 5.1 2023 SCImago Journal Rankings: 3.737 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Zhang, H | - |
dc.date.accessioned | 2019-08-06T09:15:09Z | - |
dc.date.available | 2019-08-06T09:15:09Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | Journal of Development Economics, 2019, v. 140, p. 145-168 | - |
dc.identifier.issn | 0304-3878 | - |
dc.identifier.uri | http://hdl.handle.net/10722/272713 | - |
dc.description.abstract | In firm-level panel data, labor share exhibits large cross-sectional differences and a declining trend over time. This study examines the role of non-Hicks neutral technology differences across firms and over time in explaining these patterns. The non-Hicks neutral technology allows for differential factor-augmenting efficiencies for capital, labor, and material, and it has direct implications on labor shares. Estimated using firm-level production data and variation in input prices, evidence from the Chinese steel industry affirms the large heterogeneity of the non-Hicks neutral technology across firms, and its change over time is also highly non-Hicks neutral toward saving labor. The non-Hicks neutral technology explains over 50 percent of the 5.01-percentage points decline in labor share in the sample period, mainly due to the evolution of heterogeneous non-Hicks neutral technology and the resulting reallocation effect. | - |
dc.language | eng | - |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/devec | - |
dc.relation.ispartof | Journal of Development Economics | - |
dc.subject | Declining labor share | - |
dc.subject | Labor share heterogeneity | - |
dc.subject | Non-Hicks neutral technology | - |
dc.subject | Firm heterogeneity | - |
dc.subject | Chinese steel industry | - |
dc.title | Non-Neutral Technology, Firm Heterogeneity, and Labor Demand | - |
dc.type | Article | - |
dc.identifier.email | Zhang, H: hszhang@hku.hk | - |
dc.identifier.authority | Zhang, H=rp01776 | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.jdeveco.2019.06.001 | - |
dc.identifier.scopus | eid_2-s2.0-85067885357 | - |
dc.identifier.hkuros | 300854 | - |
dc.identifier.volume | 140 | - |
dc.identifier.spage | 145 | - |
dc.identifier.epage | 168 | - |
dc.identifier.isi | WOS:000480669700009 | - |
dc.publisher.place | Netherlands | - |
dc.identifier.issnl | 0304-3878 | - |