@techreport{9e4eb5cc38fd4e079fbc3a24ea26c9db,
title = "Estimation of a production function with domestic and foreign capital stock",
abstract = "We estimate a Cobb-Douglas production function distinguishing between a domestic and a foreign capital stock built from data of imported machinery and transport equipment for Brazil. The preferred regression uses log levels estimated by GMM-HAC. Results are that the elasticity of production of foreign capital is about 40% of that of domestic capital, the function has constant returns to scale in capital and labour variables, and human capital and technical change are also highly productive. ",
keywords = "time-series, estimation, Production function, open economy, Brazil",
author = "Thomas Ziesemer",
year = "2022",
language = "English",
series = "UNU-MERIT Working Papers",
publisher = "UNU-MERIT",
number = "002",
type = "WorkingPaper",
institution = "UNU-MERIT",
}