Markups, technology, and capital utilization in the Great Recession

作者：Linnemann Ludger

来源：Economics Letters, 2016, 142: 59-63.

DOI：10.1016/j.econlet.2016.03.001

• Aggregate production function
• Elasticity of substitution
• Gross output
• Imperfect competition
• Capital utilization

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.

• 出版日期2016-5
• 单位TU Dortmund