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Journal ArticleDOI

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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Skill-biased technological change, endogenous labor supply, and the skill premium

TL;DR: In this paper, a U-shaped evolution of the skill premium can also be obtained using a simple two-sector growth model that comprises both variants of skill-biased technological change (SBTC): technological change that is favorable to high-skilled labor and capital-skill complementarity (CSC), and derive the conditions necessary to achieve a non-monotonic evolution of relative wages and analyze the dynamics of such a case.
Journal ArticleDOI

How to Value an Urban Network

TL;DR: In this article, the authors developed a simple model of an urban network by combining a graph-theoretic approach with basic microeconomic theory, where the use value of the urban network is defined by total rents earned by economically independent rent-charging node-owners.
Book ChapterDOI

Models and Misperceptions: Chenery, Hirschman and Tinbergen on Development Planning

TL;DR: Chenery found himself baffled by Hirschman's stress on the capacity to make quick and strong decisions in favor of development, if backwardness was to be overcome as mentioned in this paper.

(C) Emerald Group Publishing WHY BASELINE MODELLING IS BETTER THAN NULL-HYPOTHESIS TESTING: EXAMPLES FROM INTERNATIONAL BUSINESS RESEARCH

TL;DR: This chapter reports on a rapidly growing trend in data analysis – analytic comparisons between baseline models and explanatory models.
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