Journal ArticleDOI
Capital-labor substitution and economic efficiency
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In this article, the authors proposed a method to improve the quality of the service provided by the service provider by using the information of the user's interaction with the provider and the provider.Abstract:
Обсуждаются следующие темы: чистая теория производства, функциональное распределение дохода, технический прогресс, источники международных конкурентных преимуществ. Анализируются эластичность замещения между трудом и капиталом в обрабатывающей промышленности; производственные функции различного типа.read more
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Research on energy directed technical change in China's industry and its optimization of energy consumption pattern.
TL;DR: The results show that the high output elasticity of capital leads to the highest factor-biased degree of directed technical change of capital although it is accompanied by an increase in energy consumption and environmental degradation.
Journal ArticleDOI
Measuring capital-labor substitution: The importance of method choices and publication bias
TL;DR: This paper showed that the large elasticity of substitution between capital and labor estimated in the literature on average, 0.9, can be explained by three issues: publication bias, use of cross-country variation, and omission of the first-order condition for capital.
Journal ArticleDOI
Indeterminacy and the elasticity of substitution in one-sector models
Tsz-Nga Wong,Chong K. Yip +1 more
TL;DR: In this paper, the authors introduce a new production externality via factor substitution and explore its effects on generating indeterminacy in one-sector growth models, where the elasticity of substitution depends on the average level of capital intensity.
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Differences in Industrial Production Efficiency Between Urban and Rural Markets
TL;DR: In this article, a dichotomised sample space representing an 'urban' and 'rural' market is used to compare cross-sectional production function estimates, in order to highlight differences in production attributable to location, since the estimated parameters of the production function are allowed to vary between markets.
References
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Journal ArticleDOI
Technical change and the aggregate production function
TL;DR: In this article, the authors proposed a method to improve the performance of the system by using the information of the user's interaction with the system and the system itself, including the interaction between the two parties.
Book
Resource and output trends in the United States since 1870
TL;DR: In this paper, a very brief treatment of three questions relating to the history of our economic growth since the Civil War is given, namely: (1) How large has been the net increase of aggregate output per capita, and to what extent has this increase been obtained as a result of greater labor or capital input on the one hand and of a rise in productivity on the other? (2) Is there evidence of retardation, or conceivably acceleration, in the growth of per capita output? (3) Have there been fluctuations in the rate of growth of output, apart