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
An estimation of US industry-level capital–labor substitution elasticities: support for Cobb–Douglas
TL;DR: The authors used a rich new data set from the Bureau of Economic Analysis (BEA) to estimate substitution elasticities for 28 industries that cover the entire economy, and provided an indication of the long and short-run ranges of those estimates.
An economic theory of FDI : a behavioral economics and historical approach / Hamid Hosseini.
TL;DR: In this article, the authors argue that explaining the foreign investment decision (FDI) need not lie outside the realm of economics, for it can be explained using the attributes of behavioral economics.
Journal ArticleDOI
British Producer Cooperatives in the Footware Industry: An Empirical Evaluation of the Theory of Financing
Derek C. Jones,David K. Backus +1 more
Journal ArticleDOI
Useful work and information as drivers of economic growth
TL;DR: In this paper, a semi-empirical endogenous growth theory was proposed by the authors in 2005, based on a model of the economy as a two-stage materials/energy processing system, which is simulated by a twoparameter production function with two traditional factors, labor and capital, and a non-traditional factor, namely "useful work".
Journal ArticleDOI
A Generalization of the CES Production Function
Yao-chi Lu,Lehman B. Fletcher +1 more
TL;DR: In this paper, the authors derived a more general form of the CES production function that does not depend on the SMAC assumption of independence and with a property of variable elasticity of substitution.
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