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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The sources of change in labor's relative share:
TL;DR: However, the apparent increase may not be real as mentioned in this paper, and several explanations have been advanced to account for the trend, i.e., for an apparent increase but actual constancy of relative shares.
Posted Content
Made in the U.S.A.? A Study of Firm Responses to Domestic Production Incentives
TL;DR: In this article, the authors study the domestic production activities tax deduction (DPAD) and find that the increased investment by DPAD firms is accompanied by a reduction in the domestic workforce, consistent with a substitution of capital for labor.
Posted Content
Potential output estimates for Central and East European countries using production function method
TL;DR: In this paper, potential output of four Central and East European countries is estimated using the Cobb-Douglas production function using data of employment, sectoral restructuring, estimated capital stock and foreign direct investments.
Journal Article
A conjecture on general means
TL;DR: The authors conjecture that the general mean of two positive numbers, as a function of its order, has one and only one inflection point and show the importance of this conjecture in today's economies.
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