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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The Origins of the CES Production Function
TL;DR: The CES production function was introduced to economics in the 1961 paper "Capital-Labor Substitution and Economic Efficiency" by Kenneth Arrow, Hollis Chenery, Bagicha Minhas, and Robert Solow as mentioned in this paper.
Journal ArticleDOI
Market Imperfections and Increasing Returns to Scale in Australian Manufacturing Industry
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Regional income differences: A simulation approach
Erling Olsen,Erling Olsen +1 more
Journal ArticleDOI
Elasticity of substitution and technical progress: Is there a misspecification problem?
Daniela Federici,Enrico Saltari +1 more
TL;DR: In this article, the elasticity of substitution of substitution is used to explain the Italian productivity decline due to the total factor productivity slowdown in the last two decades, and the authors show that the standard estimation results present a common feature, a combination of a high R-squared and serially correlated residuals.
Journal ArticleDOI
Leontief was not right after all
TL;DR: In this paper, the first robust test of Leontief's hypothesis of factor-specific productivity differences was conducted using international data on cost shares by industry and showed that the Heckscher-Ohlin-Vanek paradigm cannot be based upon simple modifications that define factors in efficiency units.
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