Measuring factor income shares at the sectoral level

被引：154

作者：

Valentinyi, Akos ^{[1
,2
,3
,4
]}

Herrendorf, Berthold ^{[5
]}

机构：

[1] Magyar Nemzeti Bank Cent Bank Hungary, H-1850 Budapest, Hungary

[2] Univ Southampton, Southampton, Hants, England

[3] Hungarian Acad Sci, Inst Econ, H-1051 Budapest, Hungary

[4] CEPR, London, England

[5] Arizona State Univ, Dept Econ, WP Carey Sch Business, Tempe, AZ 85287 USA

来源：

REVIEW OF ECONOMIC DYNAMICS | 2008年 / 11卷 / 04期

基金：

匈牙利科学研究基金会;

关键词：

Input-output tables; Industry-by-commodity total requirement matrix; Sector factor shares;

D O I：

10.1016/j.red.2008.02.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Many applications in economics use multi-sector versions of the growth model. In this paper, we measure the income shares of capital and labor at the sectoral level for the US economy. We also decompose the capital shares into the income shares of land, structures, and equipment. We find that the capital shares differ across sectors. For example, the capital share of agriculture is more than two times that of construction and more than 50% larger than that of the aggregate economy. Moreover, agriculture has by far the largest land share, which mostly explains why it has the largest capital share. Our numbers can directly be used to calibrate standard multi-sector models. Alternatively, if one wants to abstract from differences in sector capital shares, our numbers can be used to establish that this is not crucial for the results. (c) 2008 Elsevier Inc. All rights reserved.

引用

页码：820 / 835

页数：16

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