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
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A Cross-Country Empirical Investigation of the Aggregate Production Function Specification
John Duffy,Chris Papageorgiou +1 more
TL;DR: In this article, the authors use a panel of 82 countries over a 28-year period to estimate a general constant-elasticity-of-substitution (CES) production function specification.
Journal ArticleDOI
On estimation of the ces production function
TL;DR: In this paper, a generalized version of the constant elasticity-of-substitution (CES) function is proposed to estimate the elasticity of substitution from the marginal productivity condition by regressing the value of production per worker on wage rate.
Journal ArticleDOI
Foreign Exchange Constraints in Economic Development and Efficient Aid Allocation
Journal ArticleDOI
Is the U.S. Aggregate Production Function Cobb-Douglas? New Estimates of the Elasticity of Substitution
TL;DR: In this paper, the elasticity of substitution between capital and labor in the private sector of the U.S. economy for the period 1948-1998 is estimated based on both classical regression analysis and time series analysis.
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