Journal ArticleDOI
Capital-labor substitution and economic efficiency
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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
Hydro-economic analysis of groundwater pumping for irrigated agriculture in California's Central Valley, USA
Josué Medellín-Azuara,Duncan MacEwan,Richard E. Howitt,George Koruakos,Emin C. Dogrul,Charles F. Brush,Tariq N. Kadir,Thomas Harter,Forrest Melton,Forrest Melton,Jay R. Lund +10 more
TL;DR: In this article, the authors examined the economic costs of pumping replacement groundwater during drought and the potential loss of pumping capacity as groundwater levels drop in California's Central Valley, showing that places without access to groundwater and with uncertain surface-water deliveries during drought are the most economically vulnerable in terms of crop revenues, employment and household income.
Book
Econophysics and Companies: Statistical Life and Death in Complex Business Networks
TL;DR: In this article, the authors use statistical physics to analyse the success and failure of companies and show how successful this approach is in explaining a wide range of recent findings relating to the dynamics of companies.
Journal ArticleDOI
Sustainability, limited substitutability, and non-constant social discount rates
TL;DR: In this paper, the authors show how limited substitutability in consumption between different classes of goods affects the magnitude and time development of social discount rates, and they decompose the discount rates into an absolute growth and a relative growth or substitution effect.
Journal ArticleDOI
On the empirical relevance of the ces production function
TL;DR: In this paper, it was shown that changes in period do not produce significantly different estimates of the constant elasticity of substitution (CES) and that returns to scale can be accepted as being equal to unity for most industries.
Journal ArticleDOI
The Substitution Elasticity, Factor Shares, and the Low-Frequency Panel Model
TL;DR: In this paper, a low-pass filter with panel data was used to identify the low-frequency/long-run relations appropriate for production function estimation, and a new strategy for estimating the elasticity of substitution between labor and capital was developed and implemented.
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