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Journal ArticleDOI

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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Journal ArticleDOI

3 citations

Journal ArticleDOI
TL;DR: In this article, the side condition for labor hiring derived from the first order conditions for profit maximization in competitive product and factor markets (the ACMS method) has been used to estimate the elasticity of substitution.
Abstract: Since the C.E.S. production function is non-linear in the parameters, therefore direct estimation of the function requires nonlinear estimation procedures. However, in situations where a non-linear estimation procedure is not available or to avoid possible complications arising from using a nonlinear estimation procedure,1 two indirect methods have been used in the literature to estimate the elasticity of substitution. One technique has been to work with the side condition for labor hiring derived from the first order conditions for profit maximization in competitive product and factor markets (the ACMS method).2 This was first used in the article by Arrow et. al. [1] and subsequently quite extensively [2; 7; 9; 11; 18; 19; 23]. A variant of this method-the side condition for cost minimization in competitive factor markets3-has also been employed.

3 citations

01 Jan 2011

3 citations


Cites background or methods from "Capital-labor substitution and econ..."

  • ...Yt = [( At X )ρ + ( At N )ρ] 1 ρ , (5)...

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  • ...Method (1) (2) (3) (4) (5) (6) (7) (8) Dep....

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  • ...Sample Regression First Stage Second Stage Second Stage First Stage Second Stage Second Stage Method OLS 2SLS Arellano-Bond IV OLS 2SLS Arellano-Bond IV (1) (2) (3) (4) (5) (6) Dep....

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  • ...Using a CES production function similar to (5), they derive...

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DOI
01 Jan 2007
TL;DR: In this paper, an artigo objetiva analisar o comportamento dos fatores de producao capital and trabalho in Brazil for o periodo de 1990 to 2003 is presented.
Abstract: Este artigo objetiva analisar o comportamento dos fatores de producao capital e trabalho na economia brasileira dos anos 90. Desta maneira, estimam-se as elasticidades parciais do produto em relacao ao capital e ao trabalho para 5 paineis: economia brasileira, industria extrativa, agronegocio, industria de transformacao e servicos para o periodo de 1990 a 2003. A fim de obter uma analise mais detalhada, estimam-se tambem, as elasticidades para os periodos pre e pos Plano Real. A partir dos resultados, nota-se que o retorno obtido a partir do emprego do fator capital e maior em detrimento do obtido a partir do emprego do fator trabalho para o periodo total de analise. Entretanto, ao quebrar o periodo de analise, observa-se queda da elasticidade parcial do produto em relacao ao capital em detrimento do aumento apresentado em relacao ao fator trabalho do periodo pre para o pos-Real, sugerindo, portanto, que de fato, houve o processo substitutivo de trabalho por capital durante os anos 90.

3 citations

References
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Journal ArticleDOI
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.

10,850 citations

Journal ArticleDOI

3,961 citations

Book
01 Jan 1956
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
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

Book
01 Jan 1938

926 citations