Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5058262 | Economics Letters | 2016 | 5 Pages |
Abstract
A two-level CES aggregate production function is used to empirically analyze the fluctuations in markups, technology, and utilization in the Great Recession. Quarterly US gross output data suggest a strong markup increase, limited technology movements, and a low labor-capital substitution elasticity.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ludger Linnemann,