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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Journal ArticleDOI
Organizational Learning and Organizational Knowledge: Towards the Integration of Two Approaches
Ricardo Chiva,Joaquín Alegre +1 more
TL;DR: In this paper, an integrative approach to organizational learning and organizational knowledge is proposed, which links the two perspectives with the aim of providing an integrated approach to provide an understanding of learning, knowledge, and the relationship between them.
Posted Content
Entry, exit and diffusion with learning by doing
Boyan Jovanovic,Saul Lach +1 more
TL;DR: Early entry has the advantage of higher revenues per unit of output early on, while late entry can benefit from learning from the experience of earlier entrants, and hence lower production costs as discussed by the authors.
Journal ArticleDOI
Carbon trading in the policy mix
Steven Sorrell,Jos Sijm +1 more
TL;DR: In this paper, the conditions under which a cap-and-trade scheme for carbon-dioxide emissions may usefully coexist with carbon/energy taxes, support mechanisms for renewable electricity, and policies to promote energy efficiency are examined.
Journal ArticleDOI
Vaccines: Preventing Disease & Protecting Health Edited by Ciro A. de Quadros Annapolis Junction, MD: Pan American Health Organization (PAHO) Publications, 2004. 412 pp., illustrated. $62.00 (paper)
TL;DR: In this paper, the role of referral contacts on workers' performance was examined, for the first time, using employees' hiring and performance data in a call center, and the authors examined the performance implications over time of hiring new workers via employee referrals.
Journal ArticleDOI
What Do We Learn from Schumpeterian Growth Theory
Philippe Aghion,Philippe Aghion,Philippe Aghion,Ufuk Akcigit,Ufuk Akcigit,Ufuk Akcigit,Peter Howitt,Peter Howitt +7 more
TL;DR: In this article, the role of competition and market structure, firm dynamics, the relationship between growth and development with the notion of appropriate growth institutions, and the emergence and impact of long-term technological waves.
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