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 Class of Nonlinear ARCH Models
Matthew Higgins,Anil K. Bera +1 more
TL;DR: In this article, a Lagrange multiplier test is developed to test Engle's ARCH specification against a wider class of models, including nonlinear ARCH models, and the theory is applied to a number of weekly exchange rate series.
Journal ArticleDOI
Identifying the Elasticity of Substitution with Biased Technical Change
TL;DR: In this paper, the authors present estimation of flexible production functions, utilizing Monte Carlo methods for different estimation and methodological strategies, and find that single equation methods (particularly in the presence of biased technical change) are chronically unsuitable for jointly uncovering technical characteristics.
Journal Article
Microeconometric models of investment and employment
Stephen Bond,John Van Reenen +1 more
TL;DR: In this article, the authors survey recent micro-econometric research on investment and employment that has used panel data on individual firms or plants, focusing on model specification and econometric estimation issues, but also reviewing some of the main empirical findings.
Journal ArticleDOI
Towards a political economy of accounting: An empirical illustration of the cambridge controversies
TL;DR: In this paper, an alternative approach to accounting based on ideas from political economy is explored using evidence from an empirical study of a multinational enterprise, and it is shown that accounting relies on marginalism for its theoretical foundations and that those foundations are fallacious.
Journal ArticleDOI
Factor substitution and factor-augmenting technical progress in the United States: A normalized supply-side system approach
TL;DR: Using a normalized CES function with factor-augmenting technical progress, the authors estimate a supply-side system of the U.S. economy from 1953 to 1998, avoiding potential estimation biases that...
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