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
Citations
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Journal ArticleDOI
A Neoclassical Model of Unemployment and the Business Cycle
TL;DR: In this article, a general equilibrium model of unemployment and the business cycle is investigated, in which specialization of labor plays a key role, and a rational expectations equilibrium with fully flexible wages and prices can exhibit unemployment in which the marginal product of employed workers exceeds the reservation wage of those without jobs.
BookDOI
Dynamic general equilibrium modelling for forecasting and policy : a practical guide and documentation of MONASH
Peter B. Dixon,Maureen T. Rimmer +1 more
TL;DR: In this article, the authors present an illustrative application of the MONASH model for the Australian motor vehicle industry from 1987 to 2016. And they present a policy simulation of the effects of reducing the tariff on motor vehicles.
Posted Content
Agricultural productivity differences among countries.
Yujiro Hayami,Vernon W. Ruttan +1 more
Journal ArticleDOI
The substitution of information technology for other factors of production: a Firm Level Analysis
Sanjeev Dewan,Chung-ki Min +1 more
TL;DR: Brynjolfsson et al. as discussed by the authors used the CES-translog production function to estimate the role of differences among firms in IT-related output and substitution elasticities.
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