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Identification Of The Elasticity Of Substitution And The Bias Of Technical Change
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Book Synopsis R and D, Education, and Productivity by : Zvi Griliches
Download or read book R and D, Education, and Productivity written by Zvi Griliches and published by Harvard University Press. This book was released on 2000 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Griliches was a modern master of empirical economics. Here, he recounts what he and others have learned about the sources of economic growth, and conveys how he tackled research problems. For Griliches, theorizing without measurement produces mere parables, but measurement without theory is blind. Judgment enables one to strike the right balance.
Book Synopsis Inequality and the Labor Market by : Sharon Block
Download or read book Inequality and the Labor Market written by Sharon Block and published by Brookings Institution Press. This book was released on 2021-04-06 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring a new agenda to improve outcomes for American workers As the United States continues to struggle with the impact of the devastating COVID-19 recession, policymakers have an opportunity to redress the competition problems in our labor markets. Making the right policy choices, however, requires a deep understanding of long-term, multidimensional problems. That will be solved only by looking to the failures and unrealized opportunities in anti-trust and labor law. For decades, competition in the U.S. labor market has declined, with the result that American workers have experienced slow wage growth and diminishing job quality. While sluggish productivity growth, rising globalization, and declining union representation are traditionally cited as factors for this historic imbalance in economic power, weak competition in the labor market is increasingly being recognized as a factor as well. This book by noted experts frames the legal and economic consequences of this imbalance and presents a series of urgently needed reforms of both labor and anti-trust laws to improve outcomes for American workers. These include higher wages, safer workplaces, increased ability to report labor violations, greater mobility, more opportunities for workers to build power, and overall better labor protections. Inequality in the Labor Market will interest anyone who cares about building a progressive economic agenda or who has a marked interest in labor policy. It also will appeal to anyone hoping to influence or anticipate the much-needed progressive agenda for the United States. The book's unusual scope provides prescriptions that, as Nobel Laureate Joseph Stiglitz notes in the introduction, map a path for rebalancing power, not just in our economy but in our democracy.
Book Synopsis Production Economics: A Dual Approach to Theory and Applications by : Melvyn Fuss
Download or read book Production Economics: A Dual Approach to Theory and Applications written by Melvyn Fuss and published by Elsevier. This book was released on 2014-06-28 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributions to Economic Analysis: Production Economics: A Dual Approach to Theory and Applications, Volume 2 focuses on the theory of production from the standpoint of the "dual", the relationships between economic observables which are dual to physical technology. The selection first ponders on duality, intermediate inputs and value-added, Hicks' aggregation theorem and the existence of a real value-added function, and homotheticity and real value-added in Canadian manufacturing. Discussions focus on real value-added and the production structure, estimation of the production structure, double deflation and real value-added, measurement of total productivity, and duality between direct and conditional indirect utility functions. The book then examines the estimation techniques for the elasticity of substitution and other production parameters and measurement of the elasticity of factor substitution and bias of technical change. The publication takes a look at the identification of technical change in the electricity generating industry, factor substitution in electricity generation, and the effectiveness of rate-of-return regulation. Topics include statistical tests of regulatory effectiveness, profit function for a regulated firm, tests of the structure of technology, identification problems in the measurement of technical change, and measurement of disembodied technical change. The selection is a valuable source of information for economists and researchers interested in production economics.
Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter
Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 1999-11-18 with total page 800 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the continually evolving field of labour economics.
Book Synopsis Income Distribution Theory by : Martin Bronfenbrenner
Download or read book Income Distribution Theory written by Martin Bronfenbrenner and published by Transaction Publishers. This book was released on 1971 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Technology Differences over Space and Time by : Francesco Caselli
Download or read book Technology Differences over Space and Time written by Francesco Caselli and published by Princeton University Press. This book was released on 2016-12-06 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology Differences over Space and Time looks at how countries use their productive resources—such as workers, skills, equipment and structures, and natural resources. Francesco Caselli develops methods to assess the efficiency with which productive inputs are used, and how these efficiencies vary across countries and over time. Caselli finds that richer countries use skilled workers relatively more efficiently than unskilled workers, and equipment and structures relatively more efficiently than natural resources. They also are relatively more efficient users of labor than of capital. Technological change tends to make countries particularly efficient at using skills and less efficient at using capital. Technical change also favors experienced workers. In order to interpret and understand these findings, Caselli presents a theory of technology choice. In this theory, firms pick technologies that make the most efficient use of the most abundant production factors when these factors are good substitutes for the less abundant factors. Firms pick technologies that make the most of less abundant factors when other suitable factors are not available for substitution. For example, rich countries, where skilled workers are abundant, use skilled workers efficiently, as these are good substitutes for unskilled workers. This flexible framework can be applied to other pairs of inputs, over time, and across countries. Technology Differences over Space and Time has significant implications not only for the theoretical understanding of development and technological innovation, but also for government formulation of industrial policy and multinationals making decisions about what to invest in and where to make those investments.
Book Synopsis The Role of Demand and Supply in the Generation and Diffusion of Technical Change by : V. Ruttan
Download or read book The Role of Demand and Supply in the Generation and Diffusion of Technical Change written by V. Ruttan and published by Routledge. This book was released on 2014-05-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews and assesses the impact of economic forces on the rate and direction of technical change.
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 Role Of Demand And Supply In T by : Colin G Thirtle
Download or read book Role Of Demand And Supply In T written by Colin G Thirtle and published by Taylor & Francis. This book was released on 2022-10-30 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1987. This volume reviews and assesses the literature on the impact of the economic forces on the rate and direction of technical change. Areas covered include the economic of invention and innovation, the evolution of thought and of empirical tests of induced innovation, the evolution of thought and of the empirical tests of induced innovation, the role of demand and supply in the diffusion of technical change. Specific attention is given to an emerging body of literature that attempts to integrate the process of invention, diffusion and reinvention. The review indicates that substantial progress has been made in modeling the process of technical change as endogenous to the economic system and in testing the induced innovation hypothesis against historical experience. The book concludes by drawing implications for research and economic development policy and will provide graduate students and professional in economics, agricultural economics, development studies and geography and technology forecasting with a sound review of the literature of technical change.
Book Synopsis Research on Normalizing Income Distribution Order in China by : Canming Yang
Download or read book Research on Normalizing Income Distribution Order in China written by Canming Yang and published by Springer Nature. This book was released on 2022-05-27 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Theory and Empirical Analysis of Production by : Murray Brown
Download or read book The Theory and Empirical Analysis of Production written by Murray Brown and published by . This book was released on 1967 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Growth and Development by : Olivier La Grandville
Download or read book Economic Growth and Development written by Olivier La Grandville and published by Emerald Group Publishing. This book was released on 2011-12-12 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the very beginnings of economics as a science, which might be dated from Ibn Khaldun's "Introduction to History" (1377), the challenge of making societies escape from poverty and attain some degree of prosperity has always been, and can remain, a fundamental issue. This book presents research on each of these issues.
Book Synopsis Essays in the Theory of Employment by : Joan Robinson
Download or read book Essays in the Theory of Employment written by Joan Robinson and published by Holyoake Press. This book was released on 2007-03 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays in the Theory of Employment JOAN ROBINSON OXFORD BASIL BLAGKWELL 1947 First printed 1937 Macmillan Co. Ltd. Second Edition October 1947 Reprinted November 1947 Printed in Great Britain for BASIL BLACKWELL MOTT, LIMITED by A. R, MOWBRAY Co. LIMITED, London and . Oxford FOREWORI THERE have been considerable developments since these essays were written, both in theory and in experience. From the point of view of theory, they belong to the period of the first impact upon economic thought of Keynes 3 General Theory of Employment, Interest and Money. From the point of view of experience, they belong to a period when the existence of unemployment over shadowed all economic problems. I think that they are most easily to be understood in the light of their historical setting, and that any attempt to bring them up to date by shifts of emphasis would be confusing. At the same time I believe that they are not without relevance to the dominant problems of the present day. I have therefore not made any substantial changes in the text of the first edition. I have, however, made a few alterations which might equally well have been made in the first instance. . I have removed an error from the argument on Mobility of Labour p. 33, I have simplified the exposition of the effect of inventions on em ployment p. 96, and I have amplified the discussion of the influence of exchange depreciation on the balance of trade p. 143. JOAN ROBINSON CAMBRIDGE February, 1947 FOREWORD TO FIRST EDITION THESE essays represent an attempt to apply the principles of Mr. Keynes General Theory of Employment, Interest and Money to a number of particular problems. References to the General Theory are provided for the convenience of the reader, not by way of acknowledgment to Mr. Keynes, for the very existence of this book, for what it is worth, must be regarded as an acknowledg ment to the work of Mr. Keynes. The following are reprinted each with some alteration by vi FOREWORD permission of the editors concerned Disguised Unemployment from the Economic Journal, The Long-Period Theory of Employ ment except Section 5 from the eitschnft fur Nationalokonomie and the first part of Some Reflections on Marxist Economics from-the Economic Journal. An Economists Sermon wai originally delivered to a study circle of the Student Christiar Movement at Peterhouse, Cambridge. JOAN ROBINSON CAMBRIDGE October, 1936 CONTENTS PART I PAOK FULL EMPLOYMENT - - -, v - - - i MOBILITY OF LABOUR - - - - - 29 CERTAIN PROPOSED REMEDIES FOR UNEMPLOYMENT 44 DISGUISED UNEMPLOYMENT - - - 60 PART II THE LONG-PERIOD THEORY OF EMPLOYMENT - 75 THE CONCEPT OF ZERO SAVING - - - 101 DISINVESTMENT - - - - - - 112 DIAGRAMMATIC ILLUSTRATIONS - - - - 119 PART III THE FOREIGN EXCHANGES - - - - 134 BEGGAR-MY-NEIGHBOUR REMEDIES FOR UNEMPLOY MENT -------156 PART IV INDETERMINACY - - - - - - 171 AN ECONOMISTS SERMON - - - 175 SOME REFLECTIONS ON MARXIST ECONOMICS - 183 PART I FULL EMPLOYMENT BEFORE discussing the definition and the characteristics of full employment it is necessary to say something about the factors which influence changes in money wages. A problem which has caused much perplexity is presented by the relationship, as it exists in the minds of employees, between changes in real wages and changes in money wages. As to what actually occurs there is no dispute. A cut in money wages will always be resisted by Trade Unions with whatever force they may command while a rise in prices, such as occurs when there is an increase in effective demand, does not normally lead to the demand for a rise in money wages sufficient to prevent real wages from falling. Even when Trade Unions are strong enough to prevent money wages from falling, they frequently submit to a fall in real wages, brought about by a rise in prices and accompanied by an increase in employment...
Book Synopsis Handbook of Natural Resource and Energy by :
Download or read book Handbook of Natural Resource and Energy written by and published by Elsevier. This book was released on 1993-04-08 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Natural Resource and Energy Economics examines the current theory and sample current application methods for natural resource and energy economics. This third volume deals primarily with non-renewable resources. It analyzes the economics of energy and minerals, and includes chapters on the economics of environmental policy. The Handbook provides a source, reference and teaching supplement for use by professional researchers and advanced graduate students. The surveys summarize not only received results but also newer developments from recent journal articles and discussion papers.
Book Synopsis Understanding National Accounts Second Edition by : Lequiller François
Download or read book Understanding National Accounts Second Edition written by Lequiller François and published by OECD Publishing. This book was released on 2014-10-20 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an update of OECD 2006 "Understanding National Accounts". It contains new data, new chapters and is adapted to the new systems of national accounts, SNA 2008 and ESA 2010.
Book Synopsis Handbook of development economics. 1 by : Hollis Chenery
Download or read book Handbook of development economics. 1 written by Hollis Chenery and published by Elsevier. This book was released on 1988 with total page 882 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics development-concepts and approaches; structural transformation; human resources and labor markets; planning and resource allocation; international aspects; country experience with development.
Book Synopsis Technology Shocks and Aggregate Fluctuations by : Mr.Pau Rabanal
Download or read book Technology Shocks and Aggregate Fluctuations written by Mr.Pau Rabanal and published by International Monetary Fund. This book was released on 2004-12-01 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
