[sigma]: The long and short of it

By Robert S. Chirinko. 2008

307 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/e6192d4a049e5c6c8568b167e253d1c41d4ea1d7

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In Economics and Econometrics

Citations in the corpus

The Normalized CES Production Function: Theory and Empirics (2011, unknown): “Chirinko (2008)’s recent survey suggests that most evidence favors elasticities ranges of 0.4-0.6 for the US.”
Deciphering the Fall and Rise in the Net Capital Share: Accumulation or Scarcity? (2016, background): “In his survey, Chirinko (2008) reports a wide range of relevant estimates; the majority are still below 1, but several are above 1 as well, and he suggests that the elasticity for equipment may be higher than the aggregate elasticity.”
Getting Normalization Right: Dealing with ‘Dimensional Constants’ in Macroeconomics (2012, background): “Recently there is an increasingly empirical evidence going in favour of CES production functions, in particular at business cycle frequencies, with elasticity of substitution well below unity (e.g., Klump et al. (2007), Chirinko (2008) and León-Ledesma et al. (2010)).”
The Global Decline of the Labor Share (2014, background): “…the decline in the labor share to the decline in the relative price of investment by estimating an elasticity of substitution between capital and labor that exceeds unity.4 As reviewed in Antras (2004) and Chirinko (2008), among others, there is a large literature estimating this elasticity.”
The Rise and Decline of General Laws of Capitalism (2015, background): “Though this elasticity could be higher in longer horizons, Chirinko (2008) and Chirinko and Mallick (2014) find it to be significantly less than one also in the long run.”
Labor Hiring, Investment, and Stock Return Predictability in the Cross Section (2014, unknown): “The elasticity of substitution between capital and labor stock is set to be f5 0:5, consistent with estimates in Antràs ð2004Þ ðsee also Chirinko ½2008 for a 12 Because firms are all-equity financed in the model but use both debt and equity in the real data, we leverage up all returns generated in…”
The Decline of the U.S. Labor Share (2013, background): “By contrast, Antras (2004) and Chirinko (2008) suggest estimates of sigma in the range 0.4 to 0.6.”
The Role of Energy in the Industrial Revolution and Modern Economic Growth (2012, result): “Another possible explanation is that the elasticity of substitution between capital and labor is actually less than unity as suggested by recent research (Chirinko, 2008).”
Inequality, financial development and economic growth in the OECD, 1870–2011 (2018, background): “…bargain model (see Bentolila and Saint-Paul, 2003) because the elasticity of substitution between labor and capital is most likely below one (Chirinko, 2008). internationally, old elites may face new challenges to their rule, or they may absorb the novel norms and start regime transitions…”
Identifying the Elasticity of Substitution with Biased Technical Change (2010, background): “As Chirinko (2008) notes, most studies of production parameters are, as here, performed using long-run or frictionless concepts and are generally to be preferred for capturing deep production characteristics.”