Capital-labor substitution and economic efficiency
TL;DR: 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.
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TL;DR: The importance of the elasticity of factor substitution in the analysis of dynamic economic phenomena is beyond dispute as mentioned in this paper, and the reason for its significance is not difficult to discover: one of the most important tools of economic dynamics-the production function -is, under certain assumptions, determined uniquely by the form and value of the Elasticity of Factor Substitution.
Abstract: The importance of the elasticity of factor substitution in the analysis of dynamic economic phenomena is beyond dispute.' The reason for its significance is not difficult to discover: one of the most important tools of economic dynamics-the production function -is, under certain assumptions, determined uniquely by the form and value of the elasticity of factor substitution [8]. It is not surprising, therefore, that numerous attempts have been made to estimate the elasticity of factor substitution using available cross-section and time series data fitted to CES and
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08 Mar 2016
TL;DR: In this article, the authors present evidence-based research into climate change policy using the research technique of political economy to investigate policy development and identify a major change in the Anglo American growth paradigm from unconstrained to constrained growth.
Abstract: This doctoral dissertation presents evidence based research into climate change policy. The research technique of political economy is used to investigate policy development. A major change in the Anglo-American growth paradigm from unconstrained to constrained growth is identified. The implications of this change for climate change policy are identified. The political economy of climate change policies is expressed in a new Spatial Climate Economic Policy Tool for Regional Equilibria (Sceptre). This is an innovative bechmarking approach to computable general equilibrium (CGE) that provides a spatial analysis of geopolitical blocs and industry groupings within these blocs. It includes international markets for carbon commodities and geophysical climate effects. It is shown that climate constrained growth raises local policy issues in managing technology diffusion and dysfunctional resource expansive specialisations exacerbated by the creation of global carbon markets.
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TL;DR: In this article, the authors used an aggregate modeling approach to assess the impacts of the Conservation Reserve Program (CRP) on the United States economy, in general, and the agricultural sectors, in particular.
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TL;DR: In this article, a simple geometric classification of quasi-product production functions via studying geometric properties of their associated graphs in Euclidean spaces is presented. And if their corresponding graphs are flat spaces, then a complete classification of the quasi product production functions with an arbitrary number of inputs is obtained.
Abstract: In this work, we investigate quasi-product production functions taking the form: $$L(x_1,\ldots,x_n)=F\big(\prod _{i=1}^nf_i(x_i)\big)$$ We get a simple geometric classification of quasi-product production functions via studying geometric properties of their associated graphs in Euclidean spaces Moreover precisely, if their corresponding graphs are flat spaces, a complete classification of quasi-product production functions with an arbitrary number of inputs is obtained
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Cites background from "Capital-labor substitution and econ..."
...[1] introduced another famous two inputs production function, nowadays called ACMS production function, written as Q = b(aKr + (1 − a)Lr) (1)r ,...
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TL;DR: In this article, the authors argue that under certain conditions, a resource-specific technological change can be estimated from observed resource intensity/productivity data over time, irrespective of which functional form is adopted.
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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.
Abstract: В статье производится анализ агрегированной производственной функции, вводится аппарат, позволяющий различать движение вдоль такой функции от ее сдвигов. На основании сделанных в статье предположений делаются выводы о характере технического прогресса и технологических изменений. Существенное внимание уделяется вариантам применения концепции агрегированной производственной функции.
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3,961 citations
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01 Jan 1956TL;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
Abstract: Introduction This paper is a very brief treatment of three questions relating to the history of our economic growth since the Civil War: (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 from the shortterm fluctuations of business cycles, and, if so, what is the significance of these swings? The answers to these three questions, to the extent that they can be given, represent, of course, only a tiny fraction of the historical experience relevant to the problems of growth. Even so, anyone acquainted with their complexity will realize that no one of them, much less all three, can be treated satisfactorily in a short space. I shall have to pronounce upon them somewhat arbitrarily. My ability to deal with them at all is a reflection of one of the more important, though one of the less obvious, of the many aspects of our growing wealth, namely, the accumulation of historical statistics in this country during the last generation. For the most part, the figures which I present or which underlie my qualitative statements are taken directly from tables of estimates of national product, labor force, productivity, and the like compiled by others.
1,031 citations
903 citations