Journal ArticleDOI
Capital-labor substitution and economic efficiency
TLDR
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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Journal ArticleDOI
Productive government investment and the labor share
Pedro R. D. Bom,Iñaki Erauskin +1 more
TL;DR: In this article , the role played by government investment in the global decline of the labor share has been investigated using a general equilibrium macroeconomic model, where government capital enters the production function in a factor-augmenting fashion.
Constant elasticity of substitution (CES) production function can greatly overestimate the economic costs of climate policies
TL;DR: In this article, a modification to the conventional constant-elasticity-of-substitution (CES) production function was proposed to allow for varying, or "flexible" elasticity of substitution (FES).
Dissertation
Existe substitutibilidade entre os insumos naturais e não naturais? Evidências a partir da função CES
TL;DR: In this article, the authors evaluated the degree of substitution between inputs capital, labor and energy for the 80 largest economies in 2008 and found that the substitution between natural and unnatural inputs is less than unity.
Journal ArticleDOI
Capital, labor, and derived demand for information: Evidence from China
Xiaofeng Li,Tingjie Lu +1 more
TL;DR: In this article, the substitution possibility among information capital, non-information capital and labor has been estimated by nonlinear iterative algorithm using Chinese data for 1995-2017, and the empirical results from the study imply that estimates of Chinese input substitution degree and productivity are underestimated without including information capital as an input separate from noninformation capital.
Journal ArticleDOI
Theo van de Klundert: A frontier economist
TL;DR: Van de Klundert's contribution to the study of economic science in the The Netherlands is reviewed in this paper, focusing on four topics: growth and income distribution, capital theory, resource economics and trade, controversies between Keynesians and open economy macroeconomics.
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