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
Geographic and Network Neighbors: Spillover Effects of Telecommunications Infrastructure
TL;DR: In this paper, spatial spillover effects of state-level telecommunica-tions infrastructure investment on state output were tested using panel data for 48 U.S. states from 1970 through 1997, showing that a state benefits from its own telecommunications infrastructure, but telecommunications investment by other states has a negative impact on its output growth path.
Journal ArticleDOI
Production Technology Estimates and Balanced Growth
TL;DR: In this paper, a constant elasticity of substitution production function system is estimated for the US economy and shown that the estimated substitution elasticity tends to be significantly lower using a factor-augmenting specification (well below one).
Journal ArticleDOI
Getting Normalization Right: Dealing with ‘Dimensional Constants’ in Macroeconomics
Cristiano Cantore,Paul Levine +1 more
TL;DR: In this article, the authors propose a re-parameterization approach to the problem of normalization, calibration, and estimation of CES production functions, in which the share parameters are not in fact shares, but depend on underlying dimensions.
Book ChapterDOI
Interpersonally Comparable Utility
Marc Fleurbaey,Peter J. Hammond +1 more
TL;DR: In economics, interpersonal comparisons of utility have had a significant role to play in economics as mentioned in this paper, and the resulting classical utilitarian theory relied on interpersonal comparisons because it required a common unit with which to measure each person's pleasure or happiness, before adding to arrive at a measure of total happiness.
Journal ArticleDOI
On technical change in the elasticities of resource inputs
Jakub Growiec,Ingmar Schumacher +1 more
TL;DR: In this paper, the authors analyzed the growth of an economy where the substitutability between non-renewable and renewable resource inputs changes over time, allowing for exogenous technical change in the elasticity of substitution (EoS) between these two types of resources as well as for biased factor augmenting technical change.
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