Boden, der vergessene Produktionsfaktor
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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Boden, der vergessene Produktionsfaktor. / Löhr, Dirk; Olah, Norbert; Huth, Thomas.
in: Wirtschaftsdienst, Jahrgang 101, Nr. 3, 01.03.2021, S. 221-226.Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Boden, der vergessene Produktionsfaktor
AU - Löhr, Dirk
AU - Olah, Norbert
AU - Huth, Thomas
PY - 2021/3/1
Y1 - 2021/3/1
N2 - During the low-interest rate phase that followed the financial crisis of 2008/2009, the share of capital income decreased. Land as a production factor made noticeable gains especially given that the distribution position of labour did not significantly improve. However, this is not reflected in the national accounts, as land is not shown separately in the official statistics of the distribution of the national income. Based on the Henry George theorem, the article attempts to show a method to quantify the income share of land in macroeconomic terms. The explicit reporting of the land income in the national accounts could contribute to the revision of the role of this hitherto neglected factor of production.
AB - During the low-interest rate phase that followed the financial crisis of 2008/2009, the share of capital income decreased. Land as a production factor made noticeable gains especially given that the distribution position of labour did not significantly improve. However, this is not reflected in the national accounts, as land is not shown separately in the official statistics of the distribution of the national income. Based on the Henry George theorem, the article attempts to show a method to quantify the income share of land in macroeconomic terms. The explicit reporting of the land income in the national accounts could contribute to the revision of the role of this hitherto neglected factor of production.
KW - Volkswirtschaftslehre
UR - http://www.scopus.com/inward/record.url?scp=85102712043&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/d2cac7ef-0834-34de-817b-b71e350f2629/
U2 - 10.1007/s10273-021-2877-6
DO - 10.1007/s10273-021-2877-6
M3 - Zeitschriftenaufsätze
AN - SCOPUS:85102712043
VL - 101
SP - 221
EP - 226
JO - Wirtschaftsdienst - Zeitschrift für Wirtschaftspolitik
JF - Wirtschaftsdienst - Zeitschrift für Wirtschaftspolitik
SN - 0043-6275
IS - 3
ER -