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Capital-labor substitution and economic efficiency

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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.

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Citations
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Journal ArticleDOI

Engineering Production Functions for Cost Estimation

TL;DR: In this article, the authors have performed costs estimations in a electrical resistance wires manufacturing with more than one thousand different outputs and the cause-effect analysis was based on time process as the cost driver for overhead cost allocation.

The effect of minimum wage on u.s. labor productivity 1997-2013: the higher, the better?

TL;DR: The effect of minimum wage on U.S. labor productivity from 1997 to 2013 was analyzed in this article, showing that the "HIGHER, THE BETTER" was the case.
Journal ArticleDOI

On the sustainability of growth from energy consumption: Empirical evidence from a dynamic autoregressive distributed lag simulation

TL;DR: In this article , a dynamic autoregressive distributed lag (ARDL) simulation was adopted to explore the nature of the long-run dynamics among the variables, and the empirical findings support the notion that energy consumption significantly impacts gross domestic product (GDP) positively whereas, in the case of the adjusted net savings (ANS) which is an index of sustainable development, its long run impact is positive but insignificant.
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Measuring input substitution and output expansion effects: A nonparametric approach with application

TL;DR: In this paper, a simple framework is developed for measuring input substitution and output expansion effects, which are nonparametric in the sense that specification and/or estimation of any parametric functions are not resquired.
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