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
Constant elasticity of substitution functions for energy modeling in general equilibrium integrated assessment models:a critical review and recommendations
TL;DR: In this paper, the authors propose alternative formulations either by opting for carefully applied perfect substitution for alternative energy options or by introducing dynamically variable elasticity of substitution as a potential intermediate solution, complementing the economic analysis with physical modeling accounting for storage and resource availability at a high resolution spatially and temporally would be preferable.
Journal ArticleDOI
Economics of Scale in the Retail Superannuation Funds in Australia
TL;DR: This article examined the extent to which economies of scale exist for retail superannuation funds in Australia for 1999 and 2000 using a translog cost function and found that the average cost elasticity for Australian retail super annuities is equal to 1.0.
Book ChapterDOI
Long-run economic growth
TL;DR: The macroeconomics of growth is concerned with questions such as: Why do growth rates differ over time in a given country? Do countries then become more similar in terms of income and productivity growth? Can growth rates be improved by designing economic policies? Answers to such questions are of obvious importance as discussed by the authors.
Journal ArticleDOI
Estimating Parameters and Structural Change in CGE Models Using a Bayesian Cross-Entropy Estimation Approach
TL;DR: In this article, a three-step Bayesian cross-entropy estimation approach is used to estimate behavioral parameters for a computable general equilibrium (CGE) model and to measure how labor augmenting productivity and other structural parameters in the model may have shifted over time to contribute to the generation of historically observed changes in the economic arrangement.
Posted Content
A Unified Stochastic Gradient Approach to Designing Bayesian-Optimal Experiments
TL;DR: This work introduces a fully stochastic gradient based approach to Bayesian optimal experimental design (BOED) that utilizes variational lower bounds on the expected information gain of an experiment that can be simultaneously optimized with respect to both the variational and design parameters.
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