Journal ArticleDOI
Capital-labor substitution and economic efficiency
Reads0
Chats0
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
More filters
Journal ArticleDOI
Elasticity of substitution and growth: normalized CES in the Diamond model
Kaz Miyagiwa,Chris Papageorgiou +1 more
TL;DR: The authors showed that there is no monotonic relationship between factor substitutability and growth in the Diamond overlapping-generations model and showed that if capital and labor are relatively substitutable, a country with a greater elasticity of substitution exhibits lower per capita output growth in transit and in steady state.
Journal ArticleDOI
Linking energy system and macroeconomic growth models
TL;DR: Though the computational complexity is greater the hard-link approach assures simultaneous energy and capital market equilibrium and leads to an energy market equilibrium.
Journal ArticleDOI
Constant-elasticity-of-substitution production function
TL;DR: In this article, the authors derive complementary relationships between capital accumulation and mechanization by assuming a Cobb-Douglas production function for the production of final goods from intermediate goods, and derive a constant-elasticity-of-substitution production function in which the elasticity of substitution exceeds unity.
Book ChapterDOI
The Measurement of Real Value Added
TL;DR: In this article, the authors discuss the most natural meaning of real value added that arises from the estimation of production functions, and assess the relative merits of alternative measures of real-value added.
Journal ArticleDOI
The long-term sucCESs of the neoclassical growth model
TL;DR: In this article, the authors re-establish the link between the constant elasticity of substitution (CES) production function and neoclassical Solow growth theory, and examine the data congruence between CES functions and recent growth patterns in the USA and the euro-area economies, where they apply a supply-side system incorporating a CES function with factor augmenting and time-varying technical progress.
References
More filters
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