Fernando del Río
Biographic Data
| ID | 5738404 |
|---|---|
| NAME | Fernando del Río |
| GIVEN NAMES | Fernando |
| FAMILY NAME | del Río |
| SIGNATURE | DEL RÍO F |
| AFFILIATIONS | Universidade de Santiago de Compostela |
| ORCID | 0000-0001-7448-5045 |
| VERIFIED | Yes |
| TOTAL WORKS | 3 |
| TOTAL CITATIONS | 2 |
| AUTHOR COUNT | 3 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2005 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 1 |
Accounting for the role of investment frictions in recessions
Our business cycle accounting exercise reveals that both capital and investment efficiency declines played a prominent role in accounting for the output downturn during the US Great Recession. The evidence indicates that an increase in firms' investment costs may have played a substantial role during the US Great Recession, consistent with business cycle models in which firms face financial frictions. The negligible role played by the total facto…
The Decline in Capital Efficiency and Labour Share
We calibrate and simulate a neoclassical growth model with a variable elasticity of substitution production function and three types of technological change: labour‐augmenting, capital‐augmenting and investment‐specific. In this framework, we find that the decline in US labour share was caused by a large decline in capital efficiency, which led to a decrease in the ratio of effective capital to effective labour in a context in which capital and l…
Obsolescence and modernization in the growth process
The Decline in Capital Efficiency and Labour Share
We calibrate and simulate a neoclassical growth model with a variable elasticity of substitution production function and three types of technological change: labour‐augmenting, capital‐augmenting and investment‐specific. In this framework, we find that the decline in US labour share was caused by a large decline in capital efficiency, which led to a decrease in the ratio of effective capital to effective labour in a context in which capital and l…
Obsolescence and modernization in the growth process
The Decline in Capital Efficiency and Labour Share
We calibrate and simulate a neoclassical growth model with a variable elasticity of substitution production function and three types of technological change: labour‐augmenting, capital‐augmenting and investment‐specific. In this framework, we find that the decline in US labour share was caused by a large decline in capital efficiency, which led to a decrease in the ratio of effective capital to effective labour in a context in which capital and l…
Accounting for the role of investment frictions in recessions
Our business cycle accounting exercise reveals that both capital and investment efficiency declines played a prominent role in accounting for the output downturn during the US Great Recession. The evidence indicates that an increase in firms' investment costs may have played a substantial role during the US Great Recession, consistent with business cycle models in which firms face financial frictions. The negligible role played by the total facto…
Economics (3 works) · Macroeconomics (3 works) · Capital (architecture) (2 works) · Economic Growth and Productivity (2 works) · Economic theories and models (2 works) · Economic Theory and Policy (2 works) · Human capital (2 works) · Investment (military) (2 works) · Labour economics (2 works) · Market economy (2 works)