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Author : Erkin Bairam
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (152 download)
Download or read book Variable Elasticity of Substitution, Technical Change and Industrial Growth written by Erkin Bairam and published by . This book was released on 1987* with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sharmila Gamlath
Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (13 download)
Download or read book Technical Change, Variable Elasticity of Substitution and Economic Growth written by Sharmila Gamlath and published by . This book was released on 2015 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: We incorporate a variable elasticity of substitution production function into an overlapping generations model à la Diamond (1965). We show that a certain parameter in the production function is a source of biased technical change is a crucial determinant of the economy's growth dynamics. For positive values of this parameter, which lead to an elasticity of substitution between capital and labour which is greater than 1, the economy always reaches a unique and stable steady state which is similar to the conditional convergence in the standard Solow growth model. For negative values of this parameter, which yield an elasticity of substitution below 1, the economy could either fall into a poverty trap; or display two steady states, of which one is stable while the other is not, which could, depending on the value of the initial capital stock, potentially result in divergence towards unbounded growth. These different outcomes are consistent with the observed diversity in international growth experiences. The capital biased technical change generated by a higher value of this parameter improves productivity in steady state, but causes an exacerbation of intergenerational inequality.
Author : Claude Diebolt
Publisher : Springer Science & Business Media
ISBN 13 : 3540285563
Total Pages : 244 pages
Book Rating : 4.5/5 (42 download)
Download or read book New Trends in Macroeconomics written by Claude Diebolt and published by Springer Science & Business Media. This book was released on 2005-11-21 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text provides a new approach to the subject, including a comprehensive survey of novel theoretical approaches, methods, and models used in macroeconomics and macroeconometrics. The book gives extensive insight into economic policy, incorporates a strong international perspective, and offers a broad historical perspective.
Download or read book Empirical Essays on the Elasticity of Substitution, Technical Change, and Economic Growth written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the elasticity of substitution using two different production functions. The usual Constant Elasticity of Substitution (CES) production function and a Box-Cox production function for Japan (1890-1991), UK (1870-1991), and US (1890-1992; 1929-2000). The main results are that we find the ES to be non-unitary and changing over time. Our findings have implications for economic growth (theoretical and empirical), as production is an increasing function of the ES. The use of a Cobb-Douglas production function, as in most cases in the literature, hides the role of the ES not only as a source of increase in output but also as a source of technical change. Also, we found in a monte carlo simulation that usual CES production usually does not give reliable estimates for the substitution parameter. Finally, using a CES to calculate TFP across countries, we found that variance of TFP is lower than using a Cobb-Douglas. It implies that the importance of TFP to explain income differences across countries is diminished.
Author : Mr George M Korres
Publisher : Ashgate Publishing, Ltd.
ISBN 13 : 1409487989
Total Pages : 398 pages
Book Rating : 4.4/5 (94 download)
Download or read book Technical Change and Economic Growth written by Mr George M Korres and published by Ashgate Publishing, Ltd.. This book was released on 2012-11-28 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological change is not only a determinant of growth but is also a pivotal factor in international competition and the modernization of an economy. In one of the most in-depth and detailed studies of its kind, George Korres analyzes the macroeconomic and the microeconomic factors influencing the economics of innovation and the economic relations between technology, innovation, knowledge and productivity. In particular, this book examines both the theoretical framework and the applications for empirical results. This second edition contributes updated figures and estimations for technical change from EU member states and features new subjects, including growth models, productivity models, production function models and non-parametric models. In one of the most in-depth and detailed studies of its kind, this book captures all the existing contemporary techniques in the theoretical fields as well as the empirical applications of the models.
Author : Yo-chi Lu
Publisher :
ISBN 13 :
Total Pages : 228 pages
Book Rating : 4.:/5 (11 download)
Download or read book Variable Elasticity of Substitution Production Functions, Technical Change and Factor Shares written by Yo-chi Lu and published by . This book was released on 1967 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yao-chi Lu
Publisher :
ISBN 13 :
Total Pages : 114 pages
Book Rating : 4.:/5 (254 download)
Download or read book Variable Elasticity of Substitution Production Functions, Technical Change and Factor Shares written by Yao-chi Lu and published by . This book was released on 1967 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Claudiney Magalhães Pereira
Publisher :
ISBN 13 :
Total Pages : 182 pages
Book Rating : 4.:/5 (527 download)
Download or read book Empirical Essays on the Elasticity of Substitution, Technical Change, and Economic Growth written by Claudiney Magalhães Pereira and published by . This book was released on 2003 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keywords: elasticity of substitution, estimation, production theory.
Author : Murray Brown
Publisher :
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.:/5 (89 download)
Download or read book On the Theory and Measurement of Technological Change written by Murray Brown and published by . This book was released on 1966 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James R. Coyle
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.E/5 ( download)
Download or read book Technological Change and Relative Factor Shares written by James R. Coyle and published by . This book was released on 1980 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher : CUP Archive
ISBN 13 :
Total Pages : 238 pages
Book Rating : 4./5 ( download)
Download or read book On The Thoery and Measurement of Technoloical Change written by and published by CUP Archive. This book was released on with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Taoyuan Wei
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Estimates of Substitution Elasticities and Factor-Augmented Technical Changes written by Taoyuan Wei and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper estimates substitution elasticity between labor and capital in a constant elasticity of substitution (CES) production function based on the World Input-Output Database (WIOD, Timmer 2012). I estimate the elasticities and growth rates of factor-augmented technical progress based on the two first order conditions (FOCs) under the assumption of competitive profit-maximization producers. Taking into account for the capital as a fixed input and the labor as a variable input in the short term particularly within a year, I adopt the FOC with respect to capital where capital input is the explanatory variable and the FOC with respect to labor where wage rate is the explanatory variable. The results show that the industrial elastisities fall within a range from 0.4 to 0.9 and aggregate country-level elasticity is around 0.62. 90% of the estimated annual changes in factor-augmented technology fall within a range from -0.12 to 0.17. At the country level, 35 of the 40 countries exhibit net labor-augmenting technical progress.
Author : Rachna Mujoo
Publisher : APH Publishing
ISBN 13 : 9788176482462
Total Pages : 240 pages
Book Rating : 4.4/5 (824 download)
Download or read book Technological Change and Industrial Development written by Rachna Mujoo and published by APH Publishing. This book was released on 2001 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nagesh S. Revankar
Publisher :
ISBN 13 :
Total Pages : 334 pages
Book Rating : 4.:/5 (89 download)
Download or read book Production Functions with Variable Elasticity of Substitution and Variable Returns to Scale written by Nagesh S. Revankar and published by . This book was released on 1967 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ali Haji Mohamadzadeh
Publisher :
ISBN 13 :
Total Pages : 530 pages
Book Rating : 4.3/5 (129 download)
Download or read book Technological Change, Economies of Scale, Traded Intermediate Products, and Substitution Between Energy and Non-energy Inputs in the U.S. Manufacturing Sector written by Ali Haji Mohamadzadeh and published by . This book was released on 1982 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : S. Kumar
Publisher : Deep and Deep Publications
ISBN 13 : 9788176293525
Total Pages : 288 pages
Book Rating : 4.2/5 (935 download)
Download or read book Productivity and Factor Substitution written by S. Kumar and published by Deep and Deep Publications. This book was released on 2002-09 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marlen Frederick Miller
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (31 download)
Download or read book The Constant Elasticity of Substitution Production Function and Its Application in Research written by Marlen Frederick Miller and published by . This book was released on 1975 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
