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Cited by 275

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Capital-Skill Complementarity? Evidence from a Panel of Countries

Duffy, John, Papageorgiou, Chris, Perez-Sebastian, Fidel·2004·Review of Economics and Statistics

Abstract

Since Griliches (1969), researchers have been intrigued by the idea that physical capital and skilled labor are more complementary than physical capital and unskilled labor. In this paper we consider the cross-country evidence for capital-skill complementarity using a time-series cross-section panel of 73 developed and less developed countries over a 25-year period. We focus on three empirical issues. First, what is the best specification of the aggregate production technology to address the capital-skill complementarity hypothesis? Second, how should we measure skilled labor? Finally, is there any cross-country evidence in support of the capital-skill complementarity hypothesis? Our main finding is that there is some empirical support for the capital-skill complementarity hypothesis in our macro panel data set.

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Metadata

Authors
Duffy, J., Papageorgiou, C., & Perez-Sebastian, F.
Venue
Review of Economics and Statistics
Published
2004-02
Volume
86
Issue
1
Pages
327-344
ISSN
  • 0034-6535 (ISSN-L)
  • 1530-9142
OpenAlex
W2169297444
Cited by
275
References
3
FWCI
15.01
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Capital-Skill Complementarity? Evidence from a Panel of Countries. https://app.cochat.ai/papers/10.1162/003465304323023840
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Duffy, J., Papageorgiou, C., & Perez-Sebastian, F. (2004). Capital-Skill Complementarity? Evidence from a Panel of Countries. Review of Economics and Statistics. https://doi.org/10.1162/003465304323023840

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.