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Factor reallocation and growth: what if there are labor saving innovations?
Abstract

We claim that the standard methodology to study the effects of the reallocation of factors on growth  is not adequate in the presence of biased innovations. Labor-saving innovations increase output per worker and may decrease the marginal productivity of labor. Therefore, a reallocation of labor from a sector with higher output per worker to a sector with lower output per worker may be productivity enhancing.

Autores:
Hernando Zuleta y Daniel Gamboa
Palabras clave:
Factor reallocation, Capital using and labor saving innovations, factor income shares, structural change.
Archivo:
Año:
2019
Mes:
Febrero
Número:
12