Open AccessPosted Content
Is the decomposition of the technical biased progress realizable with a Cobb-Douglas production function? [La décomposition des biais de progrès technique est-elle réalisable avec une fonction production Cobb-Douglas ?]
TLDR
In this paper, the authors provide theoretical and empirical details necessary in economics of technical progress and precisely on the subject of the technical biased progress and show then exhaustively and pedagogically why the Cobb-Douglas function does not allow a separate identification of these bias and is condemned to gather them within the Solow residual.Abstract:
The neo-classic exercise of growth economic accounting for a given country leads to a quantified diagnosis of the characteristics (capital, work, total productivity of the factors) of this growth while working with a function of Cobb-Douglas production In the presence of biased technical progress (ie progress not profiting identically with all the productive factors), this function is not able to separately provide the value of each bias, which can disorientate the economic policy In this paper, we provide theoretical and empirical details necessary in economics of technical progress and precisely on the subject of the technical biased progress We show then exhaustively and pedagogically why the Cobb-Douglas function does not allow a separate identification of these bias and is condemned to gather them within the Solow residualread more
References
More filters
Journal ArticleDOI
A Contribution to the Theory of Economic Growth
TL;DR: In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.
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.
Journal ArticleDOI
Income Inequality in the United States, 1913–1998
Thomas Piketty,Emmanuel Saez +1 more
TL;DR: The authors showed that the large shocks that capital owners experienced during the Great Depression and World War II have had a permanent effect on top capital incomes and argued that steep progressive income and estate taxation may have prevented large fortunes from fully recovering from these shocks.
Journal ArticleDOI
Capital-labor substitution and economic efficiency
TL;DR: 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.
Posted Content
Income Inequality in France 1901-98
Thomas Piketty,Thomas Piketty +1 more
TL;DR: In this article, the authors document and explain trends in inequality in 20th century France using data from income tax returns (1915-98, wage tax returns and inheritance tax returns) to compute fully homogeneous, yearly estimates of income inequality, wage inequality and wealth inequality.