An empirical test of marginal productivity theory

C-Tier
Journal: Applied Economics
Year: 2014
Volume: 46
Issue: 9
Pages: 996-1020

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We explore an hitherto unused approach to testing marginal productivity theory. Our method rests on the simple idea that, under the assumption of a linear homogeneous production function, residual profits are informative about the discrepancies between factor payments and marginal products. Our empirical application using data on manufacturing plants in Chile suggest moderate deviations from marginal productivity theory which depend on firm size.

Technical Details

RePEc Handle
repec:taf:applec:v:46:y:2014:i:9:p:996-1020
Journal Field
General
Author Count
2
Added to Database
2026-01-24