讲座标题: Endogenous Capital Augmenting Technical Change and the Shape of Aggregate Production Function
讲座人: 张鹏飞
地点: 8797威尼斯老品牌302会议室
时间: 2013年11月07日10：00 - 12:00
内容简介： In a neoclassical growth model with a constant elasticity of substitution production function, the conventional wisdom claims that capital augmenting technical change is labor biased and ceteris paribus increases the labor share when capital and labor are gross compliments. We construct an endogenous biased technical change model to challenge that interpretation. We show that capital augmenting technical change is capital biased and ceteris paribus decreases the labor share irrespective of the size of the elasticity of substitution. And we also provide a micro foundation for the induced aggregate production function to take the form of AK in the long- run.
关键词: Biased Technical Change, Labor Share, Lucas Paradox, Production Function.
要求金融学系硕士研究生一年级同学与博士生参加。
8797威尼斯老品牌金融创新与发展研究中心
