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

JF - Wirtschaftsdienst

SN - 0043-6275

IS - 3

ER -