Book ChapterDOI
The Economic Implications of Learning by Doing
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It is by now incontrovertible that increases in per capita income cannot be explained simply by increases in the capital-labor ratio as mentioned in this paper, and that knowledge is growing in time.Abstract:
It is by now incontrovertible that increases in per capita income cannot be explained simply by increases in the capital-labor ratio. Though doubtless no economist would ever have denied the role of technological change in economic growth, its overwhelming importance relative to capital formation has perhaps only been fully realized with the important empirical studies of Abramovitz [1] and Solow [l 1]. These results do not directly contradict the neo-classical view of the production function as an expression of technological knowledge. All that has to be added is the obvious fact that knowledge is growing in time. Nevertheless a view of economic growth that depends so heavily on an exogenous variable, let alone one so difficult to measure as the quantity of knowledge, is hardly intellectually satisfactory. From a quantitative, empirical point of view, we are left with time as an explanatory variable. Now trend projections, however necessary they may be in practice, are basically a confession of ignorance, and, what is worse from a practical viewpoint, are not policy variables.read more
Citations
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Knowledge Management In The Learning Society
TL;DR: The knowledge management in the learning society is universally compatible with any devices to read and is available in the book collection an online access to it is set as public so you can download it instantly.
Proceedings ArticleDOI
Analyzing IT outsourcing relationships as alliances among multiple clients and vendors
Michael J. Gallivan,Wonseok Oh +1 more
TL;DR: Insight is provided regarding how the variations in the nature of these outsourcing relationships may shape the benefits and risks be achieved from outsourcing, as well as the ongoing complexity of managing outsourcing relationships.
Journal ArticleDOI
Scale, Congestion and Growth
TL;DR: In this paper, the authors explore the relationship between aggregate and relative congestion, returns to scale and economic growth, and show that both forms of congestion adversely affect the equilibrium growth rate, although their relative effects depend upon aggregate return to scale.
Journal ArticleDOI
The Philosophical Foundations of Knowledge Management: Editors' Introduction:
TL;DR: A showcase symposium on the philosophical foundations of knowledge management (KM) was held at the AoM 2004 Meeting and was continued through KM tracks at the EURAM 2005 and EGOS 2005 Conferences as discussed by the authors.
Journal ArticleDOI
Gross world product and consumption in a global warming model with endogenous technological change
TL;DR: In this paper, the macroeconomic costs and effects on consumption and energy demand of limiting the global average atmospheric temperature increase to 2 °C were analyzed using a macroeconomic model in which there are two competing energy technologies (carbon and non-carbon, respectively), technological change is represented endogenously, and energy is aggregated through a CES function implying positive demand for the relatively expensive noncarbon technology.
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.
Journal ArticleDOI
Factors affecting the cost of airplanes
TL;DR: The matter became of increasing interest and importance because of the program sponsored by the Bureau of Air Commerce for the development of a small two-place airplane which, it was hoped, could be marketed at $700 assuming a quantity of ten thousand units could be released for construction.
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.
Book ChapterDOI
Capital Accumulation and Economic Growth
TL;DR: In this paper, the authors start off a model with the kind of abstraction which initially excludes the influence of forces which are mainly responsible for the behaviour of the economic variables under investigation; and upon finding that the theory leads to results contrary to what we observe in reality, attributing this contrary movement to the compensating (or more than compensating) influence of residual factors that have been assumed away in the model.
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