Journal ArticleDOI
Capital-labor substitution and economic efficiency
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
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Rotterdam model versus almost ideal demand system: will the best specification please stand up?
William A. Barnett,Ousmane Seck +1 more
TL;DR: This work not only compares the linearized AIDS model with the Rotterdam model, but also with the full nonlinear AIDS.
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Variational Bayesian Optimal Experimental Design
Adam Foster,Martin Jankowiak,Eli Bingham,Paul Horsfall,Yee Whye Teh,Tom Rainforth,Noah D. Goodman +6 more
TL;DR: This work introduces several classes of fast EIG estimators by building on ideas from amortized variational inference, and shows theoretically and empirically that these estimators can provide significant gains in speed and accuracy over previous approaches.
Journal ArticleDOI
The CES Production Function, the accounting identity, and Occam's razor
Jesus Felipe,John McCombie +1 more
TL;DR: In this paper, it is shown that the results of Arrow, Chenery, Minhas and Solow are more parsimoniously explained with reference to the underlying accounting identity than to any technological relationship.
Swedish school of economics and business administration
Javier Estrada,Richard Posner +1 more
TL;DR: The most interesting aspect of the law and economics movement has been its aspiration to place the study of law on a scientific basis, with coherent theory, precise hypotheses deduced from the theory, and empirical tests of the hypotheses as discussed by the authors.
Journal ArticleDOI
Estimation of factor contribution to growth under structural disequilibrium
TL;DR: In this paper, the authors propose an empirical approach based on the modern approach to production function estimation which views production and distribution as a whole, by incorporating both the technical relations and the equilibrium side-conditions in one testable model.
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