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Coeficientes De Capital E Trabalho No Setor De Serviços Para O Brasil Por Meio De Dados Em Painel
[Labor And Capital Coefficients In Services Sector For Brazil Usind Data Panel]

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  • Batista, Alexandre Ricardo de Aragão

Abstract

The present study tries to answer if labor or capital is more intense in the productive attainment of the Services Sector. The objective is to use panel data econometric techniques, whose mathematical model is based on the Cobb-Douglas production function, to find the coefficients that weight the inputs highlighted above. Data are obtained through the Annual Service Survey 2007-2014. We try to contribute that businessmen, public policy makers, researchers, among others, can make strategic decisions and / or go deeper into the subject matter. The result provided statistical significance of 1% for Capital, whose coefficient was approximately 0.45. For Labor, there was also significance in 1% and its coefficient was around 0.41. These values emphasize equilibrium to obtain product when used as inputs. In addition, the sum of the coefficients is less than 1 which means that there are decreasing returns to scale.

Suggested Citation

  • Batista, Alexandre Ricardo de Aragão, 2019. "Coeficientes De Capital E Trabalho No Setor De Serviços Para O Brasil Por Meio De Dados Em Painel [Labor And Capital Coefficients In Services Sector For Brazil Usind Data Panel]," MPRA Paper 97554, University Library of Munich, Germany, revised 13 Dec 2019.
    • Handle: RePEc:pra:mprapa:97554
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    References listed on IDEAS

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    1. Robert Inklaar, 2010. "The Sensitivity Of Capital Services Measurement: Measure All Assets And The Cost Of Capital," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(2), pages 389-412, June.
    2. Alexandre Messa Silva & Luis Claudio Kubota & Martim Vicente Gottschalk & Sérvulo Vicente Moreira, 2006. "Economia de Serviços: Uma Revisão de Literatura," Discussion Papers 1173, Instituto de Pesquisa Econômica Aplicada - IPEA.
    3. Jeff Biddle, 2012. "Retrospectives: The Introduction of the Cobb-Douglas Regression," Journal of Economic Perspectives, American Economic Association, vol. 26(2), pages 223-236, Spring.
    4. Christiane Hipp & Bruce S. Tether & Ian Miles, 2000. "The Incidence And Effects Of Innovation In Services: Evidence From Germany," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 4(04), pages 417-453.
    5. D. W. Jorgenson & Z. Griliches, 1967. "The Explanation of Productivity Change," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(3), pages 249-283.
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    More about this item

    Keywords

    Service Sector; Production; Data Panel Models;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L8 - Industrial Organization - - Industry Studies: Services

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