The long-run relationship between productivity and capital

被引：18

作者：

Funk, M ^{[1
]}

Strauss, J ^{[1
]}

机构：

[1] St Louis Univ, Dept Econ, St Louis, MO 63108 USA

来源：

ECONOMICS LETTERS | 2000年 / 69卷 / 02期

关键词：

productivity; capital; panel cointegration;

D O I：

10.1016/S0165-1765(00)00281-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using panel cointegration techniques, we show a cointegrating relationship exists between capital and productivity in 446 manufacturing industries. Panel DOLS and FMOLS estimates reveal that innovations to productivity increase and Granger cause capital movements. (C) 2000 Elsevier Science S.A. All rights reserved.

引用

页码：213 / 217

页数：5

共 13 条

[1] OPTIMAL TESTS WHEN A NUISANCE PARAMETER IS PRESENT ONLY UNDER THE ALTERNATIVE [J].