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Economic Change And The Aggregate Production Function
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Book Synopsis The Aggregate Production Function and the Measurement of Technical Change by : Jesus Felipe
Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe and published by Edward Elgar Publishing. This book was released on 2013-10-31 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.
Book Synopsis Economic Change and the Aggregate Production Function by : Francesco A. Franco
Download or read book Economic Change and the Aggregate Production Function written by Francesco A. Franco and published by . This book was released on 2006 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aggregate production function is at the center of contemporaneous macroeconomics. Both growth and business cycle theories offer predictions that depend on the specification of the aggregate technology. In this paper I postulate that the specification of the aggregate technology is endogenous and I study if the aggregate production function mutates in response to changes in the economic environment. To some extent the previous statement is obvious: the aggregate production function is, leaving existence issues aside, the aggregation of all the micro-technologies present in the economy. If the micro-technologies change in time so should do the aggregate technology. I define the aggregate short-run technology and the aggregate long-run technology respectively a mapping from the variable input to output and a mapping from aggregate investment to future capacity. To study mutations that affect short run fluctuations I consider the aggregate output elasticity with respect to the labor supply shocks. To study mutations that affect the long-run I consider the elasticity of capacity with respect to investment. I use a detailed dataset that covers the US manufactirung sector. The results show that the short-run elasticity does not appear to have changed in the sample while the long-run as increased. Finally I show that the long-run technology is a complicated function but that is well approximated by a Cobb-Douglas.
Book Synopsis Production Functions and Aggregation by : Kazuo Satō
Download or read book Production Functions and Aggregation written by Kazuo Satō and published by . This book was released on 1975 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic research monograph on the economic theory of production functions and aggregation - includes a bibliography pp. 301 to 307.
Download or read book Aggregation written by Franklin M. Fisher and published by . This book was released on 1992 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work deals with the question of the conditions for the existence of aggregate production functions (the heart of macroeconomics). It examines the conditions for approximate aggregation and through simulation experiments, considers why aggregate production functions appear to work.
Book Synopsis On Hsing's Critique of Solow's 'Technical Change and the Aggregate by : J. S. L. McCombie
Download or read book On Hsing's Critique of Solow's 'Technical Change and the Aggregate written by J. S. L. McCombie and published by . This book was released on 1995 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Aggregate Production Function and the Measurement of Technical Change by : Jesus Felipe
Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Infrastructure's Contribution to Aggregate Output by : David Canning
Download or read book Infrastructure's Contribution to Aggregate Output written by David Canning and published by World Bank Publications. This book was released on 1999 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Of the major kinds of physical infrastructure, electricity generating capacity has roughly the same marginal productivity as physical capital as a whole. So have roads-plus-rail, globally and in lower-income countries. Telephones, however, and transport routes in higher-income countries, have higher marginal productivity than other kinds of capital"--Cover.
Book Synopsis Aggregate Production Functions and Medium-range Growth Projections by : Richard R. Nelson
Download or read book Aggregate Production Functions and Medium-range Growth Projections written by Richard R. Nelson and published by . This book was released on 1963 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Memorandum is an analysis and comparison of the implications of several different but related aggregative models of long-run economic growth. These models differ somewhat in both their ex planations of past economic growth and their pro jections of future growth. The analysis bey examining the variables and relationships stressed by the various models, and the different explanations of the 1929-1960 growth record that these models provide. A general aggregative production function is developed which includes the various models as special cases. The role of growth of the labor supply, of capital for mation, of technological advance, and of rising educational standards is examined within the framework of the models. Finally, the study examines a number of growth projections for the American economy, attempts to evaluate them within the framework provided by the general model, and suggests some of the major uncertainties involved in growth projections. One of the major con clusions of the study is that projections of U.S. growth over the next decade are extremely sensi tive to the economic model used in making those projections, and in particular to the assumed rates of growth of capital stock and total factor productivity. (Author).
Download or read book Economic Growth written by Benigno Valdés and published by Edward Elgar Publishing. This book was released on 1999 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written for advanced undergraduates and first year graduate students, this text condenses the fundamental issues of growth theory and covers the ideas in this clear text. It is also aimed at scholars and professional economists as it contains references to practical policy issues.
Book Synopsis New Developments in Productivity Analysis by : Charles R. Hulten
Download or read book New Developments in Productivity Analysis written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2007-11-01 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Book Synopsis Inflation, Monetary Balances and the Aggregate Production Function by : Robert M. Buckley
Download or read book Inflation, Monetary Balances and the Aggregate Production Function written by Robert M. Buckley and published by World Bank Publications. This book was released on 1989 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Examination of the Solow Type Aggregate Production Function Growth Model Incorporating Technological Change by : Aubrey White Bogle
Download or read book An Examination of the Solow Type Aggregate Production Function Growth Model Incorporating Technological Change written by Aubrey White Bogle and published by . This book was released on 1971 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Productivity and Economic Growth by : Dale Weldeau Jorgenson
Download or read book Productivity and Economic Growth written by Dale Weldeau Jorgenson and published by . This book was released on 1990 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis History of the American Economy by : Gary M.. Walton
Download or read book History of the American Economy written by Gary M.. Walton and published by Thomson South-Western. This book was released on 2009-06-01 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tying America's past to the economic policies of today and beyond, HISTORY OF THE AMERICAN ECONOMY, 11e, INTERNATIONAL EDITION presents events chronologically for easy understanding. Get a firm foundation in the evolution of the American economy with this ever-popular classic.
Book Synopsis Technological Change & Productivity Growth by : A. Link
Download or read book Technological Change & Productivity Growth written by A. Link and published by Taylor & Francis. This book was released on 2013-06-17 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume reviews the literature on productivity growth and relates it to the production function approach to technological change.
Book Synopsis Education and Productivity in Developing Countries by : Lawrence J. Lau
Download or read book Education and Productivity in Developing Countries written by Lawrence J. Lau and published by World Bank Publications. This book was released on 1991 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Education is an important determinant of aggregate real output and productivity, but its effect varies considerably across countries and regions- ranging from negative to more than 5 percent a year in this sample.
Book Synopsis Theory of Production and Cost by : Günter Fandel
Download or read book Theory of Production and Cost written by Günter Fandel and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Production theory and the theory of cost both belong to the central areas of business administration, for all considerations concerning the economic organization of industrial manufacturing processes start from these. Two developments in the past 30 years have had a considerable influence on the structure and the concentration on points of emphasis in this book. I am referring to findings from KOOPMANS' activity analysis and to the formulation by GUTENBERG of a production function concept that focuses on industrial production processes. Activity analysis has made it possible to develop, from a uniform approach, different types of production functions which describe the concrete principles of production in the productive sector of a business enterprise; this has created a common basis for all production concepts in business administration. The Gutenberg Production Function with its different kinds of adjustment to a changing output has opened up a flexibility to theoretical and practical considerations that gave rise to a large number of additional studies in this area. Considerations in cost theory were in particular need of considerable extensions in the direction of cost minimal combined adjustment processes. By means of the organization of its contents, this book will take both approaches into due account. In that way, it is vastly different from other books dealing with the same subject. As a matter of course, traditional analytical methods and ways of thinking also constitute a large part of the book.
